How Much Does it Cost to Start a Business?
You’ve got your business idea, think that you will be able to get a good loan and even have your business plan being written but… The one big burning issue is – How much does it cost to start a business? Well you first of all have to be realistic and understand that you are unlikely to make a profit within the first six months of business – so you should also budget for your first six months running costs. So here is your shopping list: 1) Purchase of lease/franchise/premises. This will include any Realtor fees, deposits and other legal expenses. 2) Cost of fit out and purchase of new equipment. This will include any work that needs to be done on your premises as well as any equipment you have to buy in order to start and run your business. Often you can lease equipment in order to mitigate high start up costs. 3) Six months worth of advertising and marketing. This will be particularly high at the start as you establish your business. Factor in some cold calling as well as a launch p
