The Positive Effect Social Networking Has On Business Networking Groups

The startup cost estimate table will help you answer the second question of this business startup financial series: how much money will you need to start your business? The chart is for a generic retail business. Items will vary for service, construction, and manufacturing businesses.

Decorating, remodeling $____________ Fixtures, equipment $____________ Installing fixtures, equipment $____________ Services, supplies $____________ Beginning inventory cost $____________ Legal, professional fees $____________ Telephone utility deposits $____________ Insurance $____________ Signs $____________ Advertising for opening $____________ Unanticipated expenses $____________ TOTAL STARTUP COSTS $____________

__________ (Total of table 3)

=__________ (Three months' operating expenses)

By adding the total startup costs (table 2) to the total expenses for three months (table 4), you can learn what the estimated costs will be to start up and operate your business for three months.

_________ (Table 2 total)

+ _________ (Table 4 total-three months' operating expenses)

= _________ (Three months' startup/operating expenses)

- _________ (Table 1 total-cash available)

A comprehensive plan will be your guide to managing a successful business and is paramount to your business success.

Owning and running a business is a continuous learning process. Consider hiring a business coach obtain assistance from your local SBA office, Small Business Development Center (SBDC), or the Service Corps of Retired Executives (SCORE).

Business Startup Cost Estimate - Part II

Before social Medias and networking sites, businesses would just network face to face, go to meetings, this just means that you wouldn’t have been meeting the people you could potentially meet with access to the internet.