Facts on how to manage personal business

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<ul><li>Separate Finances: Open a dedicated business bank account and credit card to keep personal and business funds separate.</li><li>Track Income/Expenses: Use accounting software to monitor cash flow.</li><li>Taxes: Set aside 20-30% of income for taxes and consult an accountant for compliance.</li><li>Emergency Fund: Build a reserve to cover 3-6 months of personal expenses</li></ul>