Start Up Cash

With the recession still lingering and the unemployment rate still between 9% and 10% in many places, starting a business of your own is an alternative that more and more people are considering.

A few weeks back, Wall Street Journal published an article on "Startups on a Shoestring," highlighting entrepreneurs who had started businesses with as little as $40.

I have always stressed that having enough cash is one of the keys to making a business work. Its really tough to start up a business on shoestring. More typically, its going to cost between $50,000 and $100,000 to start a business. That's why understanding finance and cash flow is so critical to managing a business