ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What do start-up costs normally include?
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There are no start-up costs.
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Start-up assets and expenses.
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Startup costs are the expenses incurred during the process of creating a new business. Pre-opening startup costs include a business plan, research expenses, borrowing costs, and expenses for technology. Post-opening startup costs include advertising, promotion, and employee expenses.
Detailed explanation-2: -Identify your expenses. Start by writing down the startup costs you’ve already incurred-but don’t stop there. Estimate your costs. Once you’ve developed a list of your business needs, note the average cost for each category. Do the math. Add a cushion. Put the numbers to work.
Detailed explanation-3: -Starting inventory. Computers or other tech equipment. Office equipment. Office furniture. Vehicles.
There is 1 question to complete.