Initial Costs

Initial Costs refer to the one-time expenses incurred when starting any type of business. These costs typically include things like mock-up fees, equipment lease payments, legal services, and marketing costs. It’s important to keep in mind that these costs will not necessarily be recovered after launching the business; in fact, initial costs may quickly increase depending on the size and structure of the venture. All businesses should plan ahead for initial costs and make sure they have adequate funds to cover them from the outset.