The First Step in Starting Your Own Business Is to Do

question 74

True/False

The first step in starting your own business is to do a self-assessment.

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Definitions:

Expenses

The costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.

Statement Of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how well it manages its cash position.

Cash Balance

The amount of cash held in a company's bank account and on hand at any given time.