Maybe you’ve been dabbling as a solo entrepreneur for a while, or maybe you’ve only been dealing wholesale or online, and now you want to open a storefront. This week, the Inc.com blog explores that desire, and takes a look at exactly how much it should cost you.
They examine rent and operating expenses, location improvement costs, miscellaneous expenses, technology costs, marketing costs, PR costs, and inventory costs. The example startup retail business they look at has a start-up cost of $30,834. Most interestingly, however, is the fact that this particular business has $0 in inventory costs. If your business deals in inventory, you need to add in those costs, as well.
Check out the article for more details, and to get a good idea about what you’ll need to open your doors.