Determining the Cost of Opening Your Business The following are some of the things you must consider before opening your business:

  1. Down payment on purchase, or deposit on the lease.
  2. Costs of remodeling the premises, fixtures, etc.
  3. Purchase or lease of equipment.
  4. Initial inventory purchase.
  5. Telephone and utility installation and deposit fees.
  6. Stationery and supply costs.
  7. Taxes and licenses.
  8. Professional fees (attorney, accountant, Realtor, etc.)
  9. Advertising and promotional costs.
  10. Travel expenses, dues, etc.  

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