Hello, I'd like to know if someone could tell me the starting costs for a business in the US, thanks.?

Question

I'd like information on the costs of renting a place, constructing, hiring people, medical info, etc. Thanks.

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

I don't have all that information because it depends on the business you're trying to start. Some are capital-intensive (like a manufacturing business that requires a factory to be built) while others are not (like a professional services company). Also, land and rent costs will vary depending on your location. For medical/insurance costs, usually if you're offering benefits to employees, you tack on 20-30% to the salary of an individual (e.g. if an employee is being paid $30k per year, you would assume the employee will cost you $36-39k per year in full benefits). Of course, if they're part-time or you're not offering benefits, then this won't be the case. You'd need to check your local and state requirements (I think some places, if you have less than X employees, you aren't required to offer benefits).

In most cases, you should assume you're not going to make money for the first year so you need to account for all the various costs (rent, cost of goods, services, taxes, etc.) for at least one year when getting money/funds to start. You can bootstrap but then you need to make sure you have enough money to cover the basics you have no choice but to pay.

For example, you could work out of your house (so, no rent), you could be the only employee (no salary expense), you could be offering a service (i.e. you don't have to pay to buy materials to make something), etc. Again, it depends on the type of business you're trying to start.

Answer 3

start with stock market