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Divide and Conquer: Why You Should Separate Your Personal and Business Funds

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This story appears in the November 2014 issue of Entrepreneur. Subscribe »

Ten years ago, Cody Limbaugh made the leap from personal trainer to business owner, starting a small gym in Portland, Ore. Ever since, his financial and emotional well-being have been tied to the performance of his business.

"I get six sign-ups one week and feel on top of the world," says Limbaugh, affiliate owner of CrossFit Excellence. "I pay the bills. I go to happy hour with friends. But the next week, the landlord raises the rent on me. It's demoralizing."

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