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Of course when it comes to a business the amount of capital that you will need in order to start that business will vary based on the business model that you have. For example someone that is looking to sell clothes may need a small investment and someone that is looking to sell electronic items because the cost of each item may be lower for their business. So in that regard the amount of capital that you need is going to be dependent on what type of business you own.
However, in terms of a time period, how much capital do you think is needed in order to start a business? In my opinion starting of a business is always a slow venture as you build up your customer base, and they always initial capital investment such up to pay off before you can start earning a profit. Therefore, I think that when you start a business you should have at least six to eight months worth of capital that can give you going through all this time in order to cover your operating costs and possible losses through this time.
What do you think will be a suitable time period that you should account for when starting up your own business?
Yes of course, the business you want to start can determine the actual amount you can use in starting the business, the amount spend in business can actually depends the type of business you are about to start.The business that one is about to start will determine the amount of capital and time needed to start the business.Time and capital especially is needed in business inorder to make it prosperous and productive.
You can't just decided the amount you want to use in starting a business , because the amount needed to start each business varies depending on the type of business and the size.It actually depends on the type of business you want to start up. Small scale businesses obviously won't require the same amount needed for large scale firms. However, the rising cost of inflation has made the cost of starting a business higher.
This is exactly what I'm saying. Different businesses require different starting capital. Also, the size matters, if it's going to be small, medium or large scale business.You can't just decided the amount you want to use in starting a business , because the amount needed to start each business varies depending on the type of business and the size.
The things that usually make a business to grow to an enviable height are many,aside from the capital which is very vital,the tecnical know how,managerial capacity and management of finance is very important,these need to be done with much dedication,and that is where time comes in.The amount of capital in terms of time that one need to know actually depends on the model of the business.The amount of capital in terms of time is the various question one has to ask himself or herself that what amount If capital do I need to make my business prosperous .
Starting a business is going to be a very hectic thanks especially if you are somebody who is just going into the game. I like that you should take as much time as you can during the planning stage.
Starting a business is never an easy job , but it will be more easier If you been in the line of business for a very long Time , you can't know the amount needed to start a business without doing the neccesary research .
Yes, how much capital you have can determine the kind of business you really wants to go into, going into business doesn't actually have the specific amount to start it.When it comes to business, the subject of time is just a relativity. There are some businesses that need little time to plan for and start it up, while in others it can take a longer period of time. So it depends on what business one is planning to venture into.
Yes, the amount the person can actually depends the kind of business you really want to go into, because if a person really want to go into starting a small business will never cost the person money to start.The amount of capital in terms of time that one need to know actually depends on the model of the business.The amount of capital in terms of time is the various question one has to ask himself or herself that what amount If capital do I need to make my business prosperous .
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