A business expense estimate is a prediction or estimate of the amount of money that is likely to be required to start a new business
Points to Consider
Some important points to consider when estimating the business cost:
- Do not spend all available money, keep some for any unexpected expenses
- Spend no more than 60% of the total money on physical resources. Keep at least 25% of the money for human resources and intellectual resources
- To have a good estimate, first, check market rates