The amount of money to run a business depends on many factors including the kind of business, necessary expenses, and expected revenue. When you’re first starting your business, list first-time expenses and recurring expenses.Examples of recurring expenses include rent, utilities, computers, phones, office supplies, inventory of the products, advertising & marketing budget, employee salaries and benefits, professional networking organizations, business cards, insurance, and licenses.Writing a business plan puts these details on paper, giving you clarity and focus.
