Depending on what category you are in, you could see the percentage range from 1 percent to 20 percent. I'd look at what you need to spend to get your story out there and make sure you have a strong and compelling brand with a unique value proposition before you spend anything on advertising, marketing or PR. If you start from that angle you'll be coming at it from a much stronger position. It's not about how much you spend, but rather are you talking to the right audience in relevant ways?
Paige Arnof-Fenn is the founder and CEO of Mavens & Moguls, a strategic-marketing consulting firm whose clients include Fortune 500 companies as well as early stage and emerging businesses.