oboloo Glossary

Business Startup Expenses

oboloo Glossary

Business Startup Expenses

Business startup expenses are the costs associated with launching a new business. These may include filing fees, permits, licenses, advertising and marketing costs, website design and development, professional fees, and office supplies and equipment. A business owner should budget for these costs before they embark on anything, as they can strain limited resources and potentially delay the launch of their business. It’s important to plan carefully and identify ways to minimize startup costs where possible, such as securing discounts or taking advantage of free services from suppliers or consultants. With thoughtful planning and hard work, entrepreneurs can get their business off the ground without breaking the bank.