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Funding is a crucial component of any startup. There are several options available, including self-funding, loans, and investors. It's important to consider the costs involved and choose the option that is best suited to your business. Establishing a legal entity is also important to protect your personal assets and ensure compliance with local laws and regulations. This can involve registering your business with the government, obtaining necessary licenses and permits, and setting up a tax structure. Building a team is crucial to the success of any startup. Look for individuals with complementary skills who share your vision and work ethic. This can involve hiring employees, contractors, or partnering with other businesses.
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