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He wasn’t afraid to take the first step. He’s taken lots of steps. He’s going to be selling a product, so he’s done some really important (and expensive) groundwork like designing his product, testing it, getting a patent, getting a business license, setting up his accounting procedures and even designing his website.
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look again at the car example above. See that on one side there is of homework help accounting car assets and on the other is a car loan and of equity? This transaction has three entries yet it still isn’t very complex. In double entry bookkeeping all you do is look at what happened in a transaction and ensure that you

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before you begin planning your business, you need to take a careful look at your finances. How much of your available capital are you willing to risk? Are you willing to personally sign for a business loan? What do you have accounting homework help to offer as collateral? How much cash will you have in reserve for emergencies? If you don’t have enough to start the business yourself, are you willing to take on a partner or partners? Are you staking your entire financial future on the business?
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