One of the first questions to ask yourself when planning your business is to decide how much money you want and need to make to sustain yourself and the business? Most people who own micro businesses are not interested in becoming millionaires, but want to make enough money to be able to support themselves comfortably and to do the kind of work they like to do.
You will need to set up an account for your business. When you go to the bank be sure to bring your identification as well as your business license. The bank will then be able to open your business account. It is very important to always keep your business and personal resources seperate. See the following for more information about personal vs. business resources.
The financing basics site on Business.gov offers a tremendous amount of information about the financial development of a business. Some important peices are:
The Small Business Administration has prepared a workbook All You Should Know About Finances. This workbook gives a full tutorial about business finances and programs.
Roger Shelley at 907-264-6265 or firstname.lastname@example.org.
For assistance or additional information contact:The Center for Human Development by email | 2702 Gambell Street, Suite 103, Anchorage, AK 99503 | Phone: 907-272-8270 | Toll Free: 1-800-243-2199
The Center for Human Development and UAA are an AA/EO employer and educational institution.