How Much Is Enough For A Small Business?
Almost for all people it is the most difficult question, how much is enough to run a small business.
In USA this sum can very from place to place, but still it is interesting how much money do we need to run a good small business in America.
It is really good idea to realize how much money do you need to start a small business, because I am pretty sure, that it will be difficult for you to get a credit with good percent rate, if you didn’t run business before.
There is no small business for which you will not need enough money for a good start.
But if you have a really good business idea on your mind, you can start counting, how much money you will need for it.
There is no magical formula according to which you can count, how much money you will need for first month of running your own small business.
All you can know for the first time is that you will know approximately sum of money, that you will need.
All freshers in the field of small business think, that they will need money for a first consignment and everything will be good, and very soon they will become a real tycoons of American business.
But of course it is not true.
You will need money to register your company first, and you will need money to serve your companies bank account and all staff like that, and don’t forget about possible taxes.
You will need lots of permissions, so you will need a good lawyer, who can sort everything out for you, and it will cost money.
Consider salaries for your workers, in USA it can be a big sum of money.
You will need money for living, lots of businessmen don’t think that they will need money for living, and it is a huge mistake, you will not need too much, but you will need money for living.
You will need to pay for a place for your small business, probably you will have a small store or something like that, so you will need money for renting a place for it.
Furniture costs money also, so you will need money for it, even if you but cheap furniture, it costs money.
Probably you will need some kind of equipment, so count everything carefully.
Don’t forget about gas for your car, probably you will need to travel a lot, and you will use your personal car, and of course you will need enough of gas for your business rides.
You will need lots of money for advertisement, it is close to impossible to run business in America without really good commercial on TV or on Internet.
Think about franchising, probably you will need money to buy a good franchise, and it will be much easier for you to start your own small business.
Probably you will need to study something before you will start, or probably there will be necessity for your workers to study something, and you will pay for such studding.