About Entrepreneurs: Startup Costs - How Much Do You Really Need?

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	from Scott Allen A great business idea, even a great business plan, is all well and good, but even if you're starting a simple sole proprietorship or service business, you'll still have startup costs. This week we'll look at calculating startup costs, startup business financing, and a series of audio interviews about the bootstrapping approach - financing your business out of its profits.
In the Spotlight

Calculating Startup Costs - How Much Will It Really Take? One of the most common reasons that businesses fail is from being under-capitalized. On the flip side, one of the most common reasons stopping many people from starting their own business is the concern that they don't have enough money to do so. So it's extremely important that you get an accurate picture of just how much money it's really going to take to start your business. You may be encouraged that it's less than you think, or you may find that you need to find sources of additional funding in order to get started and reduce your risk of failure. Also, having an accurate picture of your start-up costs will show you where you can potentially cut corners to reduce costs or defer them until later.             More Topics Startup Business Financing Finding funding for your new venture Choosing a Location for Your Business There's more to consider than just cost Passive Income Earn more, work less 10 Entrepreneurs and Guy Kawasaki in an Elevator Welcome to elevator pitch hell Should Entrepreneurs Jump on the Social Networking Bandwagon It's hot now, but is it right for you? Do Entrepreneurs Need Good Luck? Or do we make our own? Time Is Money Do you spend yours well? Sole Proprietorship Startup Costs So you want to go into business for yourself? Run your own show? Being a sole proprietor is the easiest way to get started in business, but there's still more to it than just getting business cards printed and sticking up a web page. You may not need a formal business plan, but this checklist will help you make sure you've at least given some thought to the many complexities that may arise.   Writing a Business Plan - Financial Projections Creating financial projections for your startup is both an art and a science. Although investors want to see cold, hard numbers, it is tough to predict your financial performance three years down the road, especially if you are still raising seed money. Regardless, a short- and medium-term financial projection is a required part of your business plan if you want serious investors' attention. Here are some tips for crafting solid financial projections.     Sponsored Links   Entrepreneurs Forum Redesign Easier to read, easier to use - come check it out! There's a whole new look to the About.com forums, and so far, readers seem to love it. Participation in the Entrepreneurs forums is at an all-time high and growing steadily. Stop by and introduce yourself, share your experiences and tips, get your burning questions answered and network with your fellow entrepreneurs.   Spring Home Makeovers: Simplified Home Projects Made Easy Get everything you need to know about sprucing up your home for spring, from room redesigns to quick DIY projects.

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