Estimating Costs: “Estimating Costs”
“In order to determine how much seed money you will need, you must estimate the costs of your business for at least the first several months. Every business is different, and has its own specific cash needs at different stages of development, so there is no universal method for estimating your startup costs. Some businesses can be started on a shoestring budget, while others may require considerable investment in inventory or equipment. It is vitally important to know that you will have enough money to launch your business venture. ”
– I like finding articles that increase my knowledge of small business. The SBA is a great place to do this. Check out this article on estimating startup costs. -ed.