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Business Start-Up Costs

August 15, 2018 0 Comments

Are you starting out on an exciting new business venture? Are you perhaps a little intimidated by the costs involved in starting-up your business? Are you afraid that there’s something you may have overlooked? Or perhaps you’re concerned about approaching potential investors for funding? You need to ascertain that the information pack presented to investors or money lenders is accurate and comprehensive so that they can have a good idea of what your intentions for the business are. Find the right consulting firm to hold your hand as you enter into this new world of success and achievement. Allow them to advise you and to assist you every step of the way. Find the right consulting firm to get you up on your feet and operating in the most effective way, as soon as possible.

The business start-up costs will include the absolute basics such as a computer, an additional telephone line, internet service, a desk, a fax machine, and stationery supplies. In addition to that, you’ll need to ensure that you have everything else that is necessary to create your product or service.

If your business is dependent on staff you will need to account for wages and possibly even training costs. If you need to purchase initial stock in order to create your product, such costs must be accounted for along with any storage space that will be required to accommodate this stock. Discover if there is any shipping or other transport costs involved in the delivery of your product to your customers.

Another important matter to be accounted for is that of advertising. This will be your initial introduction to the market and consumers will need to be aware of your existence and that of your product or service. Simple, effective marketing schemes are not necessarily incredibly costly. The right consulting firm can assist you in devising the most prominent and effective way of advertising your business.

Essentially, if you are approaching a third party for funding, you will need to package all of this information accurately and professionally. In addition, provide an accurate account of your intentions in sustaining the business. Again, it is important to find the right consulting firm to be your personal mentor and assistant in establishing your start-up costs and in opening your doors to a very successful venture.

My name is K. Enis Davis-Lewars and I have been in the legal field for over 30 years. In particular, I have been a litigation law clerk for over 21 years. I have been in business for over 15 years as a business consultant. I know what it feels like to be frustrated to start-up your own business. At EDL Consulting Services we are here to assist you with all your business needs. We help start, build and grow businesses.

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