Thursday, June 7, 2012

Business Start-Up Costs - What You Need To Know

By Kathleen Burch


It is likely that you have considered the investment required for various business start-up costs if you are considering starting your own business. Finding a market that your business can be successful in is the first step you need to take.

Next you must look at approximately how much it will cost you in just basic business start-up costs; business licenses, lawyer consult fees and form preparation fees, accountant fees/accounting programs, inventory costs, business insurance, leases, and utilities are just a few of the standard traditional business start-up costs. In addition to business start-up costs, you must also consider how you are going to support yourself and your family while you venture takes off and this could be at least two to three months, and you want to make sure you can pay your mortgage, all your bills, feed your kids, and have a little extra left over for incidentals.

If not having a physical location for your business is what you choose to do, then offering your goods and services via a website or mail order catalog is what you may want to consider. To reach a large audience all at once, this is a great way but business start-up costs associated with this mode of doing business can be expensive as well. By the time you pay someone to create your website, host it, register your domain name, and start a merchant account, you have made quite an expenditure, unless of course you are capable of building your own website, which many people are. In Yahoo, web hosting, domain name registration, business email, and store front options for a very reasonable price worth checking out are offered. If you want to save on some of those business start-up costs that could otherwise break the bank, this is a great way to do so.

In this country, the traditional way that business has been conducted has dramatically changed since the advent of the World Wide Web, opening the door for a number of new ways to conduct business. It is not necessary for you to have a physical storefront address to sell your goods or services and this point of view is rather archaic. Buying goods and services on the Internet are what more and more people are doing and this is a great place to feature your business while keeping your business start up costs at a minimum. To sell what you can sell just as easily with a website and a little marketing campaign, you don't need to lease that 900 square foot shop for $2800 a month.

There's no need for business start-up costs to be astronomical and as a matter of fact, they can be quite the opposite. What you can do is visit a number of online sources that offer an abundance of information on business start-ups costs and links to essential sites that can help you get your business up and running.




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