The Simplest Business Budget Template - Choctaw Nation Small Business Development

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1. How long does Tara mention that it should take you to apply this budgeting method?*

2. What three types of bank accounts did Tara recommend for small business owners?*

3. Which account should all income from the business go through first?*

4. What percentage of income did Tara suggest you should move to your business savings account?*

5. Why did Tara suggest that you should set aside this amount in your business savings account?*

6. What percentage of income did Tara suggest you should move to your personal checking account (although this is up to you)?*

7. You should send all income from the business through your personal checking account.*

8. What percentage of income did Tara suggest leaving in your business checking account to fund expenses and investing?*

9. According to Tara, you will want to force yourself to keep expenses ___________?*

10. What are the two things Tara mentioned contractors should consider?*