{"id":785,"date":"2014-05-22T18:30:37","date_gmt":"2014-05-22T18:30:37","guid":{"rendered":"http:\/\/fusephase.com\/?p=785"},"modified":"2022-10-11T16:53:16","modified_gmt":"2022-10-11T16:53:16","slug":"how-much-money-do-you-need","status":"publish","type":"post","link":"https:\/\/fusephase.com\/blog\/how-much-money-do-you-need\/","title":{"rendered":"How Much Money Do You Need to Start a Business?"},"content":{"rendered":"\r\n
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\"How<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n

You\u2019ve got the “big idea.” You\u2019ve got the drive. But \u2013 do you have the\u00a0money<\/i>\u00a0you need to start that new business you\u2019ve always dreamed about?\u00a0<\/p>\r\n\r\n\r\n\r\n

The first thing you should know is\u00a0there’s no way of predicting exactly<\/em> how much money you will need to start a business and maintain it for years to come. There are so many factors that can determine the success of a business, many\u00a0of which you will have no direct control over, and cash flow is a big one.<\/p>\r\n\r\n\r\n\r\n

That said, there’s a lot you can do to prepare for the inevitable ups and downs\u00a0and\u00a0decrease your overall financial risk,\u00a0no matter what unexpected costs might come your way.<\/p>\r\n\r\n\r\n\r\n

We’re going to assume you’re in a position of “bootstrapping” your business, which means your primary funding source is your own pocket. With that in mind, here’s how to come up with a reliable estimate of how much money you’ll need to start your business and keep it going for years to come.<\/p>\r\n\r\n\r\n\r\n

Typical business expenses you’ll need to cover<\/h2>\r\n\r\n\r\n\r\n\r\n\r\n

Startup costs<\/h3>\r\n\r\n\r\n\r\n\r\n\r\n

When you\u2019re first getting your business up and running, you\u2019ll likely need to make some rather large initial investments. This reality might be a little hard to stomach considering your business won’t be bringing in much money right away (if any).<\/p>\r\n\r\n\r\n\r\n

Depending on the nature of your business, these initial costs can add up to be pretty substantial (potentially tens of thousands of dollars), so you’re probably going to feel like your bank account is hemorrhaging money in the early days. Welcome to the life of a startup owner.<\/p>\r\n\r\n\r\n\r\n

Some initial costs you could face when starting a business:<\/strong><\/p>\r\n\r\n\r\n\r\n