The average startup cost for a small business is often hard to pinpoint as every business needs something different. Generally, the cost of establishing and running a small business involves a combination of initial investments – such as operational costs like rent, equipment, inventory and wages – as well as ongoing expenses like overhead, marketing, and legal fees. With regular assessment and careful budgeting, it’s possible to estimate the range of typical startup costs for a new business, ensuring that your company is planned for both success and sustainability.