Step 7. Starting Capital / Deposit Bankroll
When anyone is starting a new business that will involve risking their money he/she should first put together a business plan. One of the most important parts of this business plan is how much initial capital is necessary to fund the enterprise. One of the main reasons for this is that businesses generally require a certain amount of investment before revenues are generated. Therefore the business owner needs sufficient capital to survive this period and possibly an extra amount for contingency reasons.
Unfortunately people rarely apply the same rigour when entering the business of putting money at risk with Texas Hold’em or investing. Part of the problem is that if you are starting a business that involves producing and selling goods or services it is necessary to put thought into what will be required to start off both operationally and financially. Texas Hold’em or investing does not require you to produce something and as such the starting capital requirement could theoretically be very small. All you need to be able to do is have sufficient cash to place your first bet or invest in your first security.
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