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Managing a small business can be daunting.
But these 4 tips can help keep your finances in order when you first start your business:
- Establish expensesDetermine how much money you need for start-up costs, operating expenses, and other financial considerations.
- Separate business and personal financesOpen a business account to avoid blurring the line between personal and business transactions.
- Track income and expensesto avoid going over-budget and evaluate your budget every month.
- Seek a mentor of financial coachDon’t be afraid to ask for the help you need to thrive!