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Starting Smart

If your outgo exceeds your income,then your upkeep will be your downfall.

This story appears in the September 1996 issue of Business Start-Ups magazine.

Running a profitable new requires adequate cash flow and that operating consistently be met. Once you've settled on a business idea and have completed adequate preliminary research, the has come to develop your first estimated annual .

Even the most conscientious person who tries to budget for an entire year may underestimate or overlook a variety of everyday expenses. Budgeting problems can result from miscalculations, overspending, or, quite simply, growing too fast. Before jumping in, keep in mind that the budget for your first year must include both one-time start-up costs and ongoing monthly expenses.

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