Business Start Up Costs

Also read: Choosing a Name | Start Up Finance

Whatever your business before you start it you will need to have estimated the initial star up costs. Some businesses start up cost will be minimal while other businesses could need a lot of investment to get it up and running. Some will need a lot of equipment others very little. Every business is unique in its start up requirements.

You should be aware of what it is going to cost to start your business so that you can plan ahead too.
You will have the initial expenses, one time costs of setting up your business such as equipment and registering your company and then you will have other expenses that will be ongoing, including such things as insurance, utility bills, monthly rent etc, these expenses are known as Fixed expenses. Variable expenses are costs incurred while selling your product or service things such as shipping, packaging, sales commissions.
If you are aware of the difference you can work out which costs are actually your start up costs, those things that are essential to have to be able to start your business venture. There are always things that you believe are essential but when you analyze deeper you could probably wait to buy them.