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Thousands of Americans dream of starting a small business. In fact, , businesses started in the second quarter of , according to the most recent data from the Small Business Administration SBA. Raising enough funds is critical to get a small business off the ground and pave the way for longevity and future success. Most startup founders use their personal savings to fund their businesses, according to Forbes. Entrepreneurs should set aside enough living expenses for for rent and groceries, for example to last them for a year. Smaller, service-based businesses can probably get away with three to six months of operating expenses, according to FreshBooks.
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