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Monday, January 06, 2025
How to ensure your business thrives in its initial years?
How to ensure your business thrives in its initial years? Starting your first year in business can be both exciting and overwhelming. You might be expecting to make profits within a couple of months. While it's great to be ambitious, the money game teaches us the importance of being realistic. You might achieve profitability quickly, or it might take longer. But what about your expenses until that time?Understanding Business Expenses A business typically incurs two types of expenses:1. Variable Costs –