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Costs to Consider When Starting a New Business

Although there are some new endeavors that may incur less than others when it comes necessary to start-up funds, there are typically at least some costs to consider when starting a new business. Knowing what – and how much – to anticipate ahead of time can help you to alleviate financial surprises down the road. Common Costs to Consider When Starting a New Business Not all new companies will require the same out-of-pocket expenses when they are getting up and running. But there are some common costs that you will need to be aware of. These can include the following: Rent for Office Space Office Supplies Marketing Materials (including flyers, business cards, and other advertising items) Website domain and website hosting services Organizational costs (such as setting up a corpor...

Key Tips for Raising Venture Capital

Most small companies will eventually need (or already do need) capital to start and grow. In many cases, tapping savings – your own, or that of interested family and friends – is the first step in obtaining the necessary funds. But, if you are in need of additional capital, one option for some small companies is to seek venture capital, or VC. Before you run headstrong into the VC world, though, it is essential to know just exactly what you’re looking for, as well as what you are willing to give up in order to get the needed funding. Some of the key tips to keep in mind when going the route of raising venture capital include: Having a good understanding of the venture capital process. First and foremost, it is important to understand just exactly how the process of securi...