Starting a Business
- Introduction to Starting a Business
- Are You Built for Entrepreneurship?
- Determining Your Business Structure
- Regulatory Issues to Consider
- Developing a Business Plan
- Start-Up Costs
- Budgeting for First-year Costs
- Small Business Financial Services
- Sources of Funding and Capital
- Preparing to Obtain a Loan
- What the Lender Wants to Know
- SBA: Small Business Administration Loans
- Choosing a Location for Your Business
- Securing Space for Your Business
Budgeting for First-year Costs
If you're just starting a business, remember that you can't make a go of it without spending some money up front. You'll need to budget dollars for many items, including the following:
- Hardware/furnishings/other equipment
- Office space
- Communications lines and devices
- Sales taxes on your equipment
- Physical damage insurance on your equipment and other insurance
- Maintenance and repairs, including replacing such items as brakes and tires
- Licenses and permits
- Administrative items: income and expense ledger, calculator, a personal computer, etc.
- Envelopes, letterhead, stationery, invoices, and business cards
- Professional fees for legal, tax, and accounting advice
- Marketing, including logo design and website
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Investment and insurance products and services are offered through Osaic Institutions. Member FINRA/SIPC. Marblehead Financial Services is a trade name of the Marblehead Bank. Osaic and the Marblehead Bank are not affiliated. Products and services made available through Osaic are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
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