The first step to funding your business is to determine how much money you’ll need to make your business successful. Ways to raise the money you need: You can fund it yourself by using money you have saved to start your business. Find an investor, or someone who...
A micro loan is a small loan for businesses up to $50,000. The average amount for a micro loan is $13,000. The Small Business Administration provides funds to non-profit organizations that distribute these loans to small businesses that apply and are eligible....
Plan ahead. Start with the most important categories first. Don’t be afraid to trim the budget. Create a buffer in your budget. Adjust as necessary. Don’t give up – it takes practice to stick to a budget. Get more help creating and maintaining a good...
Calculate your monthly income. Add up your fixed monthly expenses like rent, utilities, food and supplies, auto expense, savings, etc. Determine your discretionary expenses like clothing, eating out, going to the movies, gifts, etc. Subtract your fixed expenses from...
A budget is a written record of your income and expenses. A Budget is useful in helping you keep track of how much money you make, how much you spend, and how much you have left over. A Good Budget Includes: Income: The money you make from working or investing. Fixed...
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