How much would I need?
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How to calculate startup costs;
1.Identify your expenses. Start by writing down the startup costs you’ve already incurred — but don’t stop there.
2.Estimate your costs. Once you’ve developed a list of your business needs, note the average cost for each category.
3.Do the math.
4.Add a cushion.
5.Put the numbers to work.
According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you’ll require.
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