How to afford to start your own business

Entrepreneur's Blog

PlatsakCan YOU afford to start your own business?

If you are like many entrepreneurs caught up being an employee, considering taking the great leap of faith, then this will be the  first question you ask yourself. Many individuals have the great longing of starting their own business and becoming their own boss, but the financial implication of it stops most ambitions in their tracks.

Though you will never be able to get a clear cut answer you may however find the following tips helpful in making the transition easier.

1. Personal Finances

The first and most important step of attempting to start your own business would not be looking at the amount of money you can make but rather taking a very critical look at your personal finances and spending habits. We all know the saying about teaching a man to fish… The same basic fundamentals are applied here ,where starting…

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