ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An accurate assessment of total start-up costs will allow the business owner to create:
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Expense report
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A budget
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Neither choice above
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None of the above
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Explanation:
Detailed explanation-1: -What are examples of startup costs? Examples of startup costs include licensing and permits, insurance, office supplies, payroll, marketing costs, research expenses, and utilities.
Detailed explanation-2: -Understand start-up costs You are more likely to succeed if you plan for expenses early on. Pay close attention to your initial costs such as fixtures, equipment, office supplies, leasing/tenancy bonds, insurance and accounting or legal fees. Consider including a safety buffer of 10% when calculating your costs.
There is 1 question to complete.