Costs When a business starts up for the first time, the owner needs to plan what he or she will need to get going. There are two main types of costs: Start-up costs Running costs

Start-up costs Are ‘one-off’ costs you have to pay when you start up a new business. Buying once, a computer or a phone for the office is a start-up cost.

Running costs Are day-to-day costs you have to pay to run the business. Paying every month for the internet for the computer and line rental for the telephone is a running cost.

Start-up costs Running Costs New machines New building Advertising Utilities (Electricity / Gas / Water / Telephone / Internet) New vehicles Installing Utilities Repairs Wages Running Costs

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