New businesses need six to twelve months of capital before they launch.

Question

Quizplus · Accepted Answer

New businesses often require significant upfront capital to cover expenses such as research and development, product or service testing, hiring employees, and securing office or retail space. Depending on the industry and business model, it can take anywhere from six to twelve months (or more) to properly launch a new business and start generating revenue. Therefore, it is often recommended for new businesses to have enough capital to sustain themselves during this initial period.

New Businesses Need Six to Twelve Months of Capital Before