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Barbara Weltman

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Starting a Business on a Shoestring

January 23, 2019 / By Barbara Weltman

New data from Kabbage shows that 58% of small businesses started with less than $25,000 and one-third started with less than $5,000. The most expensive types of small businesses to launch are restaurants, medical offices, and manufacturing companies; 38%, 23%, and 19%, respectively, claiming it cost more than $100,000 to begin. The 3 types of small businesses that required the least amount of startup capital ($5,000 or less during the first 6 months) are accounting (45%), online retail (44%) and construction and landscaping (39%).

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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