[Money Monday] 7 key ingredients to starting a business

You must have adequate funding for the business — enca

Finances

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Ensure you have adequate funding for the business. Whether the source of capital is borrowed or your own money, or a combination of both, it is ideal to have adequate capital for your new business.

Plan for the inevitable rainy days as well. As you cover essentials like housing, utilities, insurance and rent, make sure you put aside other income to cover for those not-too-well days or months.