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1846: How to Accurately Estimate Costs of Starting a Business by Kalen Bruce of Money Mini Blog on Managing Start-Up Costs with Confidence

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Manage episode 515443570 series 1318600
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Dan W.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Dan W. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1846:

Kalen Bruce breaks down the complex process of estimating startup costs into a practical, strategic approach for new entrepreneurs. By categorizing expenses, leveraging online tools, and maintaining conservative projections, he shows how to build a realistic financial foundation while avoiding unnecessary debt and cultivating resilience in the face of uncertainty.

Read along with the original article(s) here: https://moneyminiblog.com/business/estimate-costs-of-starting-a-business/

Quotes to ponder:

"Interest rates are a dark cloud that looms over your business and the last thing you should do is ignore it."

"Plan changes as the financial winds turn, and that is the name of the game if you want to succeed."

"Always aim for a conservative assessment. It will help you secure what is called a financial cushion that covers up to one year of business expenses."

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3598 episodes

Artwork
iconShare
 
Manage episode 515443570 series 1318600
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Dan W.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Dan W. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1846:

Kalen Bruce breaks down the complex process of estimating startup costs into a practical, strategic approach for new entrepreneurs. By categorizing expenses, leveraging online tools, and maintaining conservative projections, he shows how to build a realistic financial foundation while avoiding unnecessary debt and cultivating resilience in the face of uncertainty.

Read along with the original article(s) here: https://moneyminiblog.com/business/estimate-costs-of-starting-a-business/

Quotes to ponder:

"Interest rates are a dark cloud that looms over your business and the last thing you should do is ignore it."

"Plan changes as the financial winds turn, and that is the name of the game if you want to succeed."

"Always aim for a conservative assessment. It will help you secure what is called a financial cushion that covers up to one year of business expenses."

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3598 episodes

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