In other words the real value of money will be lost day by day along with inflation. Start-up expenses are often grossly underestimated adding to the burden of the business.
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For those interested in starting a business, the Small Business Administration (SBA), can be an important resource. Start-a-Business 101 will help you start any size of business from a one person home-based business to a larger business. And it will work for any type of business including all service businesses, product businesses and Internet businesses. How will you create your product? Is it a service that you are offering, or if it’s more complex— software, a physical product like a toy or a toaster — how will it get built? Define the process, from sourcing raw materials to assembly to completion, packaging, warehousing, and shipping. Will you need additional people? Will there be unions … Read the rest