Ep. 031 – How Much Money Do I Need to Start My Business? Part 2

Good morning! Today it’s Monday and we have a great show for you today! On Episode 31 of the Success in Business Podcast your host Tom Ryan concludes his answer to great listener voicemail question from Kristen. She is asking how to figure out just how much money she needs to get her business started. Tom teaches the importance of bootstrapping. Then, he advises that entrepreneurs do their homework and carefully estimate their expenses and their sales. Give yourself a 3 month long runway for a smooth take off. Thanks for listening! Continue reading

Ep. 030 – How Much Money Do I Need to Start My Business? Part 1

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! Continue reading