Business Adviser Magazine September 2013 | Page 13

START-UP COSTS
Starting a business is not an easy task. Here is a brief introduction at the costs associated.

BUSINESS

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f you are considering starting your own business, then you have no doubt considered the investment required for various business start-up costs. The first thing you need to do is find a market that your business can be successful in. Next, you must look at approximately how much it will cost you in just basic business start-up costs; business licenses, lawyer consultation 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. You must also consider how you are going to support yourself and your family while your venture takes off; 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, in addition to business start-up costs. If you choose to not have a physical location for your business, you may want to consider offering your goods and services via a website or mail order catalog. This is a great way to reach a large audience all at once, 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 m W&6??B66?V?B???R?fR?FRV?FR?W?V?F?GW&R?V??W72?b6?W'6R??R&R6&?R?b'V??F??r??W"?v?vV'6?FR?v??6????V??R&R??????ffW'2vV"??7F??r?F??????R&Vv?7G&F????'W6??W72V?????B7F?&Rg&??B?F???2f?"fW'?&V6??&?R&?6Rv?'F?6?V6???r?WB?F??2?2w&VBv?F?6fR??6??R?bF??6R'W6??W727F'GW6?7G2F?B6?V?B?F?W'v?6R'&V?F?R&???F?RG&F?F????v?F?B'W6??W72?2&VV?6??GV7FVB??F??26?V?G'??26??vVBG&?F?6??6??6RF?RGfV?B?bF?Rv?&?Bv?FRvV"??V???rF?RF??"f?"?V?&W"?b?Wrv?2F?6??GV7B'W6??W72???R?????vW"?fRF??fR??6?6?7F?&Vg&??BFG&W72F?6V????W"v??G2?"6W'f?6W2?&F?W"&6??2???B?bf?Wr???&R?B??&RV??R&R'W???rv??G2?B6W'f?6W2??F?R??FW&?WB?v??6??2w&VB?6RF?fVGW&R??W"'W6??W72v???R?VW??r??W"'W6??W727F'B?W6?7G2B????V????P????5BU?T?4?dR?DT?3???w?W"fVW2"???fV?F?'?2?66?V?F??rfVW2B?'W6??W72??7W&?6RR??W&F??rWV??V?@??F??( ?B?VVBF??V6RF?B?7V&Rf??B6??f?"C#????F?F?6V??v?B??R6?6V???W7B2V6??v?F?vV'6?FR?B?GF?R?&?WF??r6??v??'W6??W727F'B?W6?7G2F???B?fRF?&R7G&????6????f7B?F?W?6?&RV?FRF?R??6?FR???R6?f?6?B?V?&W"?b????R6?W&6W2F?B?ffW"?'V?F?6R?b??f?&?F?????'W6??W727F'B?W6?7G2?B???2F?W76V?F??6?FW2F?B6??V???RvWB??W"'W6??W72W?B'V????r??%U4??U52Ed?4U ??0??