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What factors determine the amount of working capital that a new small business must budget? Suppose you start a business that has a soft opening
What factors determine the amount of working capital that a new small business must budget? Suppose you start a business that has a soft opening and sells half of the expected product in the first quarter. You notice towards the end of the quarter that sales pick up near what was expected. How much working capital might you need to budget ahead of time to overcome this obstacle, and how would you obtain this amount of workingcapital?
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