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The Challenges of Being Your Own Boss Include Financial Decisions

When you decide you have a solid business plan and you are confident that your business is viable, you take a deep breath and start your own business. Whether it is a business you can run yourself and have no need for employees or you only need a few once it takes off, you have what many wish they have. You get to be your own boss. You decide what happens, how to market it, to whom you market, whether it is run from your home, a storefront or simply online. You even get to decide the name.<br>

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The Challenges of Being Your Own Boss Include Financial Decisions

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  1. The Challenges of Being Your Own Boss Include Financial Decisions

  2. When you decide you have a solid business plan and you are confident that your business is viable, you take a deep breath and start your own business. Whether it is a business you can run yourself and have no need for employees or you only need a few once it takes off, you have what many wish they have. You get to be your own boss. You decide what happens, how to market it, to whom you market, whether it is run from your home, a storefront or simply online. You even get to decide the name.

  3. If you are smart, which you probably are or you would not have gotten this far, you also have figured out the software you will need for your accounting and inventory. If you are lucky you can set it up yourself, otherwise, you will have to hire someone to do it for you. But again, this is your decision because you are the boss.

  4. What Happens When Things Change? One thing you will discover as a business owner is that things change. The government can pass new regulations that will apply to your business. One example is the recent legislation that required online businesses to charge the sales taxes for local and state governments. This type of legislation requires that you upgrade your software to take the taxes into account.

  5. Some of your customers will only be subject to state taxes, but others will be subject to county or city taxes both of which you may be required to charge and send to the correct agency. This could be costly and it may not be an expense that you have planned for. Though it won’t cost millions, it could cost several thousand dollars that you had planned on using to expand your inventory.

  6. This is where a company like Cresthill Capital comes in. This is one of many capital funding companies that do nothing but help small and micro businesses with small amounts of funding they need to handle these types of unexpected expenses.

  7. What Do They Do? Cresthill Capital reviews your receipts, your revenue stream, how you reinvest in your business and other factors. Once they have determined that they will take on the risk they work with you to come up with a repayment plan that works for you and your business model. They offer flexible repayment options. Once you sign the contracts you have the funds in your account within hours.

  8. Once the repayment begins, you can be certain that if you have any problems, Cresthill Capital complaints are taken seriously and handled rapidly. Their business model is completely dependent on their reputation. If complaints are not handled satisfactorily, very soon they will be out of business while yours continues.

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