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How much money do you need to start your *negosyo*? Figure out your startup costs and your ongoing expenses. Explore your funding options – savings, loans from friends and family, small business loans, or crowdfunding. Make sure you also consider the financial aspect. Set a budget and track your expenses. Many people fail in business due to financial issues. Having a strong financial system ensures that you have funds to manage your business. Consider your marketing expenses, as this is also a very important consideration. Having a good financial plan is just as important as a business plan.
