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Double Your Expenses, Halve Your Income - Can You Survive?

Submitted by donnam

Wednesday, May 02, 2012

All startups grossly exaggerate the amount of money to be made from their idea, and grossly underestimate what the expenses of starting a business will be. Follow the advice an angel investor gave us years ago: Double your expected expenses and halve your receivables for the first year. Could you still survive under those circumstances?

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