How to Know If You're Financially Ready to Start a Business

From our Financial Experts

 Sara Gelsheimer By: Sara Gelsheimer

Entrepreneurship in the United States is certainly on the rise. If you've been thinking about starting your own business, there are several factors to consider but evaluating your financial health should be your first priority (after writing a business plan).

In this article, Sara goes over how a comprehensive business plan is critical to understanding market conditions, and how you'll promote your product or service. 

After your business plan is written, you'll want to create a financial plan detailing how you'll fund your startup costs. There are three main financial considerations for setting up your business:

Read her entire article on Success...

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Sara came to Plancorp in 2013 with a strong financial background and an even stronger commitment to financial education—particularly for women. A Wealth Manager and Founder of InspireHer (Plancorp's Women's Initiative), Sara is also a new mom. More »