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How Much Money Does it Cost to Start a Small Business?

 


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The answer usually is - as much as you have, and then a little more.

But seriously, how much money does it cost to start a business ranges from a few dollars to millions. It depends on how much you're willing to spend.

If you want to start a big franchise with a physical location, it can cost well over a million dollars. For instance, a D'Arcy McGee's Pub requires $1.8 million in liquid capital. Greasy Monkey Oil Change Franchise board recommends you have $700,000 over and above the $500,000 franchise fee.

That doesn't mean that every franchise is in the million dollar plus range. A Caring Hearts Home Care Franchise costs just $7500 to start up. So, how much money does it cost to start a small business franchise is from the low thousands of dollars.

But your options are not limited to franchises. For instance, you can open a restaurant, oil change shop, or home care referral service without going through the expense of a franchise.

If that is your choice, you will have three sets of expenses. First, you will have to get the site and the equipment - your capital expenses. Next, you will need to have money for operating expenses. Finally, you will have to develop a marketing plan on your own and have the funds to implement it.

Are there low cost businesses you can open? Of course.

Working from home eliminates the cost of having commercial or office space. If you have a service you can provide or a product you can produce from your home, your start up costs could consist of $100 in supplies and a web site.

Working from home has become more accepted and desired in recent years.

If you would like to start a low cost business from home, go to the Starting a Business website where you will find resources on starting many different businesses. It's located at http://www.StartingABiz.net

How much money does it cost to start a business? It can literally be a couple hundred dollars. Starting a Biz can show you how.

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