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Old 11-02-2017, 07:02 AM
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Question How much cash in bank at start of business?

How much cash in the bank at start of your business project do you recommend having? Enough for 1 year? 3 years? Les than that or more? What is your opinion?
 
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Old 11-02-2017, 08:12 AM
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A minimum of 6 months cash which includes your salary, and all business expenses (too many to list - but you probably know them). Mind you, going out and leasing a Cadillac Escalade for a company vehicle, isn't the best use of a business expense amount.

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Old 11-02-2017, 11:46 AM
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It really depends on what you are trying to sell and what is your business model and plan. You should sketch up a business plan before you go throw away your money...

Also for having a safety net you should try and have like at least 1 year of salary cash (my personal opinion).
 
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Old 11-04-2017, 01:24 AM
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It's really depend on your business and your daily life style, If you can make money in your business from the day one you no need to save money for long time if you have to wait for few months to make some good money in your business then you're taking a risk and you must have family support and financial support to sustain your business. So What do you think is business so easy ?
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Old 11-07-2017, 08:37 PM
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I would say, it has to be worth one year of expenses. All expenses included like those for facilities, equipment, salaries etc. Plus those for contingencies. Though it really does depend on you, your business, and how you live your life.
 
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Old 11-07-2017, 09:16 PM
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Rather than cash, it helps to have clients or qualified business leads in hand. That way if you run out of cash, you can always make some more.
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Old 11-09-2017, 02:03 AM
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Cool Suggestion

It depends on your business niche. You have to calculate the expenses for 3 years like Office Expenses, Employee Salary, Project Expenses, Legal Expenses and your business marketing and advertising expenses to know the money you need to keep in the bank.
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Old 11-10-2017, 03:35 AM
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All depends on your business models. Are you Product based company or service based company..?

If you are providing services for example a Signage company. You need to have investment for buying the equipment's etc. You should hire a interns who work for experience and training. So bank balance does not matters, if you are cracking good deals monthly. You then save that money and start expanding your business.

But if you are product based company, you should have good bank balance, say some xyz app.
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