My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Starting a Business

Starting a new product line

Guest Writer
Entrepreneur, Business Planner and Angel Investor
min read
Opinions expressed by Entrepreneur contributors are their own.
Yes, that's why people suggest that a business plan is a good idea when you're starting a business. As part of the process, you think through what you need to spend on items such as legal costs, initial logo and letterhead and, of course, product development; and on assets like equipment, inventory, etc. There's no magic formula, you just have to make your lists and think it through ...

There's a lot of free information online on this site and bplans.com, including the startup costs calculator free online at www.bplans.com.  Look in the business calculators.

You can also find more details on listing starting costs in my new book, The Plan-As-You-Go Business Plan, which is (at least temporarily) online now and in bookstores beginning August of 2008. Look in Chapter 4, "Flesh and Bones," for specifics on startup costs.

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur