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Funding a business
What Is The Minimum Cost Of Running A Small Business?
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[QUOTE="Yhubee, post: 220360, member: 69704"] This will still depend on the type of small scale business a person is venturing into. A person might need $200 to $400 for starting up and funding. Take for instance, a food vendor business on a small scale, with the inflation bin the price of goods everyday,this will mean that the prices of the goods are not stable and so high values should be used for estimation. The business owner will then try to see how he or she can manage resources but not dropping the quality of the products sold. Since there's inflation in the price of goods the business owner has to purchase, there will in turn be an increased price for the goods sold or reduction in quantity of the goods to be sold. Different businesses will require different amount of capital or funds for a startup and for promotion of the business. The type of business will determine the amount of labour required, that is the number of workers needed to speed up the work and enhance productivity. This will also determine the funds needed. More funds can also be needed in case of a competition because strategies have to be put in place in other to outshine the counterparts and gain more customers. [/QUOTE]
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What Is The Minimum Cost Of Running A Small Business?
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