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Good morning! Today on Episode 30 of the Success in Business Podcast your host Tom Ryan answers a great listener voice mail question from Kristen. She is asking how to figure out just how much money she needs to get her business started. Tom explains that first she needs to find out how long this money will need to last. She’ll want to estimate start up and recurring expenses and then deduct her estimated sales. She’ll need to raise enough money to keep her company going until she has three months in a row where her sales exceed her expenses. Thanks for listening!
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If you’re a first-time listener, Tom Ryan’s Success in Business Podcast is a weekday show that provides how-to advice for entrepreneurs and small business owners. Thanks for listening.