Starting a business is an exciting decision, but it can also be intimidating for a first-time entrepreneur. It may be difficult to obtain initial capital, examine long-term viability, and calculate startup costs for a business.
Many experts advise that when estimating your startup costs, it’s a good idea to anticipate you’ll be able to cover six months of expenses upfront. It should be emphasised, however, that the real startup costs will vary depending on your specific business and industry.
In this week’s Let’s Talk, our experts discuss a few typical startup costs that you should factor into your budget.
Let’s Talk…
“There’s lots to think about when you’re first starting up, and usually it’s a financial juggling act. It’s hard to know where to invest your hard-earned dollars before the business starts generating an income, but here’s my top tips on where to save and where to splurge:
After the successful #MeetTheMedia in Melbourne in November the event is coming to Perth with…
After the successful #MeetTheMedia in Melbourne in November the event is coming to Sydney with…
After the successful #MeetTheMedia in Melbourne in November the event is coming to Brisbane with…