Problem: Inadequate financing can be the cause of the failure of any business. Try to determine how much capital might actually be needed to start a small business. Project a budget covering the expenses. Feel free to use your Dream Job as an example.
Initial expenses may include down payments for the purchase or lease of property; amounts to buy or lease furniture, fixtures, machinery, equipment, and inventory; amounts to pay for the installation of telephones, utilities, and electronic equipment; amounts to pay for office and sales supplies, taxes and licenses, professional fees, advertising and promotion, and living expenses for the partners for at least the first three months.