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Business Startup Costs
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Top 5 Business Startup Costs

Essential to the startup effort is the creation of a business plan – a detailed map of the new business to be created.

RESEARCH EXPENSES
Careful research of the industry and consumer makeup must be conducted before starting up a business. Some business owners choose to hire market research firms to aid them.

INSURANCE, LICENSE, PERMIT FEES
In most areas, businesses are expected to submit to obtain certain business licenses and permits, insurance, and authorizations.

EQUIPMENT & SUPPLIES
Every business type requires some form of equipment and basic supplies. Before adding equipment expense to the list of startup costs, a decision has to be made: to lease, or to buy.

MARKETING
Marketing the business is much more than ad placement. It also includes branding, social networking, and promoting – everything a company does in order to attract clients to the business.

BORROWING COSTS
Starting up any kind of business requires an infusion of capital. There are two ways to acquire capital for a business: equity financing and debt financing.

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Karie Barrett

Creative Development Director at QAT Global
is the Creative Development Director at QAT Global. She has over 20 years diverse marketing, design, and business experience. Karie is responsible for driving creative strategy and execution to develop and produce quality creative web and marketing solutions that meet internal and external client's business objectives and goals. @KarieBarrett
2017-12-11T16:31:02+00:00
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