Ten Questions To Ask When Starting A Business

Starting a business is exciting, but it can be daunting as well. There are so many things to consider, including your budget and how much money you need to start up. You’ll also want to think about how your business will impact the economy in your community, state and country. The following ten questions will help you get started on the right path:

How much does it cost to start a business?

How much does it cost to start a business?

The answer varies based on the type of business and its size. If you’re starting a small, home-based enterprise, your costs may be as low as $500 per year. However, if you plan to open an office in an urban area and hire employees, then expect to spend more than $3 million over the first five years of operation. Costs can include rent or mortgage payments; utilities such as electricity and natural gas; equipment such as computers; inventory (like raw materials) that must be purchased before any products can be made or sold; supplies used regularly by employees (like paper clips); labor costs associated with running day-to-day operations such as payroll taxes paid out each month plus employee benefits like health insurance coverage provided by employers who offer these kinds of programs through companies like BlueCross BlueShield Association

How will I raise the money for my startup?

When you’re starting a business, there are many things to consider. One of the most important is how you will raise the … More >>>