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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. However, the five general types of business taxes are income, estimated, employment, excise, and self-employment.

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5 Free Platforms Entrepreneurs Should Be Using To Manage And Streamline Their Business

YoungUpstarts

Now that you have your business up and running you must sustain and grow it, but how do you do that? There are many helpful resources for budding entrepreneurs and small business owners and my first recommendation is to start with the U.S. Appsbar enables anyone to create a professional, personalized app for FREE.

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Estimating Realistic Startup Costs

Up and Running

This article is part of our Business Startup Guide —a curated list of our articles that will get you up and running in no time! What will it cost to start that business? Many people underestimate startup costs and start their business in a haphazard, unplanned way. What are startup costs? Timing matters.

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4 Reasons Small Businesses Fail

YoungUpstarts

Without sufficient funds, opening doors to customers is impossible, and many small business owners underestimate the amount of money it takes. Visit the startup cost calculator to put the amount of capital a small business needs into perspective. Small Business Administration.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point.

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How to Avoid Using Personal Funds to Address Your Business’s Financial Challenges in 2021

Up and Running

You’ve probably heard not to mix business with pleasure, but did you know combining business and personal finances can be equally damaging? While dipping into your personal account may seem like a logical solution if your business is short on cash, it can backfire in multiple ways. Consolidate your business loans.

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8 Steps to Starting Your Own Business

Up and Running

How easy is it (and how much will it cost you) to acquire a customer? If you’re selling enterprise software, this may require a significantly larger investment than a coffee shop. How much money and effort will it cost to deliver the value you would like to be offering? Small Business Administration (SBA) Loans.