Budget

How To Save to Start a Business In 1 Year, 3 Years, Or 5 Years

Need to save $1,000,000 to start your business? Here’s how to make it happen. So you are thinking about starting a business. Maybe it’s a clothing store, business services, or manufacturing. No matter the type, you’ll need to put aside some savings to accomplish this goal. In addition to covering expenses such as rent, equipment purchase, salaries …

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Learn how to Budget for your Business using the 50/20/30 rule

Accounting, Entrepreneurship, Operations

A penny saved is a penny earned. – Benjamin Franklin What’s the 50/20/30 rule anyway? It’s a method for breaking down your personal budget that was made popular by Elizabeth Warren’s book “All Your Worth: The Ultimate Lifetime Money Plan“. 50/20/30 rule can be used as a guideline for running your business. It works because it’s easy to …

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