Startup expenses for a new founder
Have you ever wondered how much it costs to start a new business? According to the U.S. Small Business Administration , the average cost of starting a new business is approximately $5,000 - $10,000. However, this number can vary based on the type of business you're in and your location. If you're thinking about building a startup, it's important to know what Startup expenses you'll have to handle. Keep in mind that this is just an estimate, and your actual costs may be higher or lower depending on your situation. Here's a breakdown of some of the most common startup expenses for new founders; 1. Office space and equipment If you’re going to be working from a business address, the cost of renting an office space and acquiring the necessary equipment will be your first big Startup expense . Depending on the size of your startup and the location of your office, you could spend anywhere from $2,500 to $15,000 on setup costs. 2. Legal fees If...