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Funding a business
How Much Did You Set Aside For Business And How Much Do You Still Keep Aside Presently?
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[QUOTE="Kendy, post: 225537, member: 63869"] Well, I have not really had a stable business but I once engaged in poultry business and I helped my sister out with her fishery business as well so I think I can deliberate further on this topic. For the poultry farm business, that was about three years ago and by the time, I had set aside $600, the exchange rate of my currency was not as high as it is today. I was able to work with the budget for a while from; purchasing the chicken and renting a place where they could live and then buying their necessary feeding tools, their feeds, drugs and sawdust which they slept on. I almost exceeded my budget but in some cases, I had to improvise. I kept about $40 for miscellaneous but it still was not enough most especially when the death rate suddenly increase. Out of 200 birds, I had only 134 left two weeks down the line of purchase. I had to meet a vet but the death rate still increased. It was an unforgettable experience and very painful because I had loaned the money. So when venturing to a new business, it is best to use your personal funds to avoid situations like mine. [/QUOTE]
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How Much Did You Set Aside For Business And How Much Do You Still Keep Aside Presently?
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