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Yes 👍 you are right by saying that, and it depend on the type of business you are doing, also the money 💰 you issue out determines the nature of your business.Running a business is a good idea to have more income. To run a better business that will fetch good income. They need capital. Good training is important for succeful business man.
I don't know why a business owner will use the same account for business and private reasons. You might not be able to keep track of your capital inflow along a period of time especially if the volume of transactions increases.I would advice you have a separate account. That way you can easily be able to keep track of your money. It's just unwise to operate your business account with your personal account
While carefully designing your operation do think it's okay open another account for your business or use your private account. What is your take on this?Running a business is rewarding, but it is not easy. You must first study about the industry in which you intend to operate, as well as carefully design your operation.
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