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Funding a business
Starting a new business without adequate funding
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[QUOTE="Kendy, post: 217906, member: 63869"] Before starting a business, you must have a planned budget, your budget would then determine the type of business you would operate either on a small or large scale. Funding a business is very essential to maximize your earnings. If your business idea is in line with a large scale budget and your finance is limited, then you would have to source for ways to augment it. It is not about rushing to set up a business, you have to be judicious and realistic in your planning. When once the plan is faulty, the business will likely crumble sooner or later. There is no way the business idea requires a capital of $500 for instance in a small scale business, at least, you should be able to raise and economize $400-$450 if you have the available funds but it would be unrealistic to set up the business with only $150, it would be tantamount that the business growth will cripple. If it means obtaining a loan to add to the present capital you have, then it would be a better option to see the business growth. Inadequate funding in a business can stifle the growth of a business especially if you are not creative and innovative. [/QUOTE]
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