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Funding a business
What Is The Minimum Cost Of Running A Small Business?
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[QUOTE="Kendy, post: 217821, member: 63869"] Frankly, I do not think there is a minimum cost of running a small business and this is owing to the fact that, the economy is inflating everyday and this makes the prices of goods and services to be on the higher side. There is a difference between a small scale business and a large scale one but it would depend on various factors as well such as; the number of human labour to be employed, the size of the business, the taxes to be paid. Small scale businesses generally do not require a massive budget but it would be run on a low-key budget where; the number of employees would be few so that the cost of operation would be minimized. Small scale businesses will not incur high rate of taxes and the business can even be operated by the owner as a sole-proprietor. Depending on the state of the economy, this will help determine the budget that will be enough to set up the small scale business and it also depends on the business venture. For instance, operating a food store business on a small scale and doing same for a barbecue small business, they both share the same similarities in that they both will be operated on a small scale but the budget for both might differ even when they are operating on the same scale. [/QUOTE]
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What Is The Minimum Cost Of Running A Small Business?
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