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Everyone understands it takes money to open a
business.
What most do not understand is it takes a long time
for a
business to generate enough revenue to pay their
bills from
weekly cash-flow - why few businesses last more
than a
year. Mismanage the money and nothing else
counts
because you are bankrupt.
Upon completion of this
unit you will calculate startup
capital needed to open a business, monthly
operating revenue
to remain open, price-points and sales goals
required to earn
the required revenue and will have recorded all of
this in
your business plan.
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