1. 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

2. 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.

3. 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.

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

5. Start-up or running costs