Costing and financing your new business.
Starting and running any business costs money to cover its start-ups and operating costs. The cost of the business varies according to the type of business you are proposing to start and its scale of operations and where you will be trading from. From your own home or from rented commercial premises, involving purchasing a lease and paying rent, business rates and other running costs (overheads).
Sources of Finance
> Your own savings, if any
> Borrowings from family and friends
> Commercial sources, such as banks, credit cards, etc.