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What is the fastest way to make money when you start your own business

#independent# #money #income #money-management

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Kruti’s Answer

The truth is that it’s possible to get your own business up and running while having a day job. Many successful entrepreneurs started this way to minimize the risks.

However, starting a business puts you under an enormous amount of stress, so any kind of additional job will be taxing. When you are stressed, you might make mistakes that will affect your chances of success. That’s why finding passive income sources is the most beneficial in this case.

What you need is an honest assessment of your current situation and personal strength. Consider your health, funds, savings, expenses, responsibilities, and realistic chances of the startup’s profitability. Prioritize your ‘other job’ based on this assessment and determine how much time exactly you can dedicate to it.
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Sue’s Answer

This is a pretty broad question. What kind of business is it? What are the start up costs? Did you take out loans to started. While you be paid for your services, you need to subtract the business expenses each month (loans, rent, utilities, insurance, employee salaries, etc.,) before you can see what your income might be. It will also depend on the type of business and the demand for the services you provide. It is not uncommon for individuals to start a business, but it may be a few months before they actually see income after expenses. I would recommend researching the type of business you want to potentially start and then reach out to individuals in that arena and obtain their feedback on what their experience was.

Good luck.
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Tammy’s Answer

You have to find a way you can solve a problem or fill a void that is not currently being done in the market. If you do that you will be very successful.
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Victory Life’s Answer

Great question Phoebe:
Try not to focus so much on making money immediately. The race is goes to the wise not the swift. Focus more on building your brand, which is vital to any business you start. Spend time researching and following other successful business owners in your field of business... In time you'll make lots money because you've done due diligence to make sure you're creating the best version of your company.

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