The costs of operating a business are often called overhead expenses
The financial needs to start a new business depend on the nature of the venture
Cost of Sales – Product inventory, Raw materials, Equipment, Shipping and packaging, Shipping insurance, Warehousing.
Professional Fees – Setting up legal aspects for your business. (i.e. trademark, copyrights, patents, partnerships agreements) One-time start-up costs often include incorporation fees. Theses may require lawyers and accountants
Technology costs – Computer hardware and software Cellphones Printers Internet IT support
Administrative Costs – Office supplies, Rent, utilities, Business insurance, Desks, Chairs, Phones, Copiers.
Sales and marketing costs: Advertising Tradeshow fees Public relations Sponsorships
Wages and benefits – Employee salaries Payroll taxes Benefits Workers compensation