Hmm. I have a friend that was starting their own practice. It was going to take a good chunk of change over $250,000 to get it running. They had been working in the profession for five years at this point, but they wanted to make sure that they had the right plan in place before […]
Category: Financial
Before seeking investors, it’s crucial to have a clear understanding of the purpose and direction of your business. Ask yourself why you started the business, what impact it aims to have and where it’s headed in the future. These answers will help refine your vision and values, making it easier to communicate with potential investors […]
Startup capital is an essential part of starting and launching new ventures. It provides the financial resources needed to cover the initial costs of setting up the business and keeping it running until it becomes profitable. Without sufficient startup capital, it can be difficult for a new business to get off the ground and thrive. […]
One key thing to note is that deductible startup costs are those that are “ordinary and necessary” for your business. This means that they are common and accepted in your industry, and they are necessary for you to carry out your business operations. Here are some examples of startup costs that are typically deductible: It’s […]
It is important for businesses to carefully consider their pricing strategy in order to maximize revenue and achieve long-term financial success when launching new ventures. One way to do this is by forecasting the financial impact of different pricing strategies. There are a few key factors to consider when forecasting the financial impact of different […]