According to a report by the Small Business Administration, the average expected startup cost for a new business in America is $6,000. They studied more than 500 new businesses in 2003. Approximately half of all solo entrepreneurs surveyed stated that they needed $5,000 or less in financial means to make their business self-sustaining, while entrepreneurs with partners estimated needing more than $10,000.
Fox News just published a report, saying that the costs of starting a business in America varies tremendously and there is no real average on the exact start-up capital amount. Some people invest almost nothing while others invest more than $300 Million..
But that is just the Start-Up Capital, or the Financial implications of starting a business. We haven't talked about the biggest and most valuable cost to start a business today, which is the TIME cost. Many entrepreneurs put between 40 - 60 hours a week in their new businesses and just to get started. Even if someone invests nothing and performs extra tasks at home to make an extra $200/week, the time spent in performing that task has a value. Most entrepreneurs don't recognize that.
Opening a new business is a Financial investment, but it is an emotional investment as well. So when choosing a Home based Business, go for the one opportunity that gives you the greatest return on your capital and time investments.
You and your family will certainly benefit from it
Until next time,
Elena Fraga
Miami, FL
(888) 760-2141
www.elenafraga.org
Thursday, January 24, 2008
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