Office expenses— The costs of maintaining a physical office space. These expenses might cover office rent, furniture, utilities, and insurance. With all of these expenses to consider, you may be wondering if it’s possible to launch a business with low startup costs. While you might use str...
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Apply for business insurance Organize your finances Brand your business Create a professional business website Market and promote your business Build a team 01. Brainstorm and refine your business idea You might already have a great business idea that you can’t wait to start, or maybe...
Business interruption insurance: Helps replace lost revenue if your business is forced to close temporarily due to a natural disaster or other event. Property insurance: Covers your physical property, from company equipment to office or warehouse space. 7. Create a management system For a single-pe...
6. Purchase an insurance policy. It might slip your mind as something you intend to get around to eventually, but purchasing the right insurance for your business is an important step to take before you officially launch. Dealing with incidents such as property damage, theft or even a customer...
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Explore financing options offered by the Small Business Administration (SBA), which provides loans and grants tailored for small businesses. 5. Choose a Business Structure What is the right business structure for you? The structure you choose will impact taxes, financing, compensation, and insurance...
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