Find out factors either within or Telephone Number List outside your business which could affect your business financing plan. This will help you to plan for any shortcomings as regards to your financial plan. DETERMINE THE START-UP Telephone Number List COSTS Now you have all information you need in order for you to start a new business. You have identified where to get sourcing from and how you will avoid common financial risks.
How do you determine Telephone Number List the start-up costs? You can estimate your start-up costs by considering the following" Cost of sales- which includes product inventory, raw materials, manufacturing equipment, shipping, packaging, shipping insurance, warehousing and so on. Professional fees- This is fees related to setting up a legal Telephone Number List structure for your business(e.g limited liability company, corporation), trademarks, copyrights, patents, drafting partnership and disclosure agreements, attorneys fees for ongoing consultation, cost of retaining an accountant.
Technology cost- computer Telephone Number List hardware, computer software, printers, cellphones, personal digital assistant, website development and maintenance, high-speed internet access, servers, security measures, IT security. Administrative costs- Various types of business insurance, office supplies, licenses and permits, express Telephone Number List shipping and postage, product packaging, parking, rent, utilities, phones, copier, fax machines, desks, chairs, filing cabinets- anything else you need to have on a daily basis to operate the business.