Reasons businesses fail

One of the reasons businesses fail is the lack of planning and not enough capital. How much money will you need to start your business?

List all of your start up costs (please be as detailed as possible and realistic)

Rent, if any (for particular location – real address)
Utilities (internet, water, gas, electricity, etc)
Equipment (tools, detailed brands)
Supplies (list office supplies)
Insurance
Inventory, if any
Advertising (particular instruments – printing fliers, cost of billboard, cost of Facebook/Instagram ads)
Signage, if any
Print costs
Accounting fees
Legal fees (cost of business registration in particular county, fictitious business name registration, cost of any permits or licenses)
other costs (raw material, etc.)

 

 

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