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How Much Cash Will You Need for the First 90 Days in Business?

Many new business owners think they only need to account for their cash-flow needs up until the day they open their doors, but they need to think a bit beyond opening day. New business owners need to take a very close look at costs for the first 90 days their business is functioning. The reason for this: It takes at least 90 days to develop and build a reliable stream of revenue. If you don’t account for the first 90 ...

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Top 10 Lies of Entrepreneurs (and Investors)

Read these two sets of top ten lies: one of entrepreneurs and one of investors, so that you know what not to say and what not to believe. Top Ten Lies of Entrepreneurs 1. “Our projections are conservative.” 2. “Jupiter says our market will be $50 billion in ten years.” 3. “Several Fortune 500 companies are set to do business with us.” 4. “No one else can do what we’re doing.” 5. “Hurry up because other investors are about to ...

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