Startup Capital: How Much Do I Need?

The necessary amount of capital required to start a business varies from one venture to the next as far as clean, net dollars are concerned. Each venture is unique unto itself and only you, the business owner and author of the business plan, may have the most accurate grasp of what you’ll need to get off and running. The amount you’ll need will hinge largely upon the scope of your business as you project it within its first year of life. Read More »

Tags: Accountants, Accounting Fees, Budget, Business Owner, Business Person, Business Plan, Coffers, Daily Basis, Expense Plan, First Years, Grasp, Investors, Monies, Obligation, Office Supplies, Receivables, Salaries, Scope, Six Months, Startup Capital

Don’t Believe the Fixed Cost Lie

Everyone loves to quote fixed costs when trying to get investors to invest or when trying to predict potential profitability. That’s because fixed costs seem nice and predictable. Since they aren’t impacted by customer fluctuations, they make for easy calculation. Unfortunately, many costs that we called “fixed” aren’t actually fixed.

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Tags: Accounting, Accuracy, Bookkeeping, Cost Of Living, Currency Fluctuation, Economic Assumptions, Fixed Cost, Fluctuations, Inflation, Investors, Mongolia, Office Space, Period Of Time, Profitability, Quote, Staff Increases, Staff Salaries, Telephones