Starting a Business

Budgeting for First-year Costs

If you're just starting a business, remember that you can't make a go of it without spending some money up front. You'll need to budget dollars for many items, including the following:

  • Hardware/furnishings/other equipment
  • Office space
  • Communications lines and devices
  • Sales taxes on your equipment
  • Physical damage insurance on your equipment and other insurance
  • Maintenance and repairs, including replacing such items as brakes and tires
  • Licenses and permits
  • Administrative items: income and expense ledger, calculator, a personal computer, etc.
  • Envelopes, letterhead, stationery, invoices, and business cards
  • Professional fees for legal, tax, and accounting advice
  • Marketing, including logo design and website
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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.