Business 101: Are You Prepared?

Growing a business of your own is the most rewarding experience you'll ever have. It's your baby. However, jumping into self-employment without first understanding the effect it will have on your personal financial situation is a serious mistake. From a personal financial perspective, there are three major questions you need to consider:
 
(1) How much money are you comfortable losing?
(2) How long can you go without an income from your business?
(3) How will you recover if your business fails?
 
(Picture attached is subject for copyright. From the web)
 
 

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