Starting a business – Business Loans

Starting a business is a task that involves planning, determination, drive and creativity. When you start your own business you must be very clear about the costs to create it, what the monthly expenses and costs will be and how you will generate the income.

Start your own business


There are times that all these factors are miscalculated and that makes some businesses not prosper as they should. In this article we will help you to have an idea of ​​what are the costs that you have to contemplate and what you should take into account to start your own business.

Cost of the constitution

Cost of the constitution

These costs are generated only once and it is at the beginning of the company, both the brand, the seal and the website can be modified in the future, but it is already a matter of image or strategy renewal. The cost of the constitution of the company is an average cost and can vary depending on the lawyer or the firm that does the work or if you decide to do it individually you can save up to $ 8,000 pesos, but you would have to soak yourself deeply in the processes and have the time.

Cash flow is a financial statement


Now that you know what the average cost of formalizing your business idea is, you should calculate what your cash flow will be for the next twelve months and then annual for the next 5 years. What is this for? Cash flow is a financial statement that reflects your real money inflows and outflows, that is, the money you really earn and spend on that and that is why it is very important to be clear about this financial statement, since that many businesses invoice a good amount of money, but that money takes to enter their accounts because a significant percentage of sales is on credit.

Look at this example of a company that estimates to start operations in May and decides to project two months of cash flow (remember that it is recommended twelve).


  • The initial balance of the current month is equal to the final balance of the previous month.
  • The final balance is equal to the sum of the initial balance, plus income, less expenses.
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