Barbara Weltman

Big Ideas for Small Business, Inc.

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How much are start-up costs?

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According to Business.org, start-up costs for an online-only business average $35,000 during the first year. This compares with an average of $100,000 for a storefront business. Most businesses have revenue in the first year close to or more than their start-up costs. The most unexpected small business expense? Taxes! (46% were surprised by the amount of taxes they had to pay.) #IdeaoftheDay