Lots of people just jump into starting a business without thinking about how much money (capital) they need in place to get started.
Quote:
|
"*When you start a new business, you need money *to get it off the ground. You need the money to rent or purchase space for the business, furniture and equipment, supplies, professional fees such as legal and accounting, as well as continuing the research and development of your product or service. You may also need money to pay employees. There are several places where you can get the money that a new business needs, but first you need to think about which type of funding will work best for your company. ..."
|
Continued:
How Start-up Capital Works
Each type of business requires a different amount of capital. Even if you decide to have an internet business as an affiliate there are some costs involved when starting out.
Whether you decided to quit your "Day" job or have lost your job due to the recession, you still need some money either tucked away or coming in for daily living expenses. Some say you need 6 months salary squirelled away before considering quitting your job and going on your own.
So, lets collect ideas on how much capital a person needs to start their chosen business.
The goal of this thread is to collect ideas on costs for people considering starting a business and need some figures to work with.