How much does starting a business cost?

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This is a big question.

If you want to know how much is costs to register a business – then it’s usually a little less than $1000 in Australia.
However, starting a business could cost you anywhere from very little to a lot.

One thing is for sure, most aspiring business owners underestimate the time and money required to make a success of a new business.

In most countries, less than 50% of businesses survive their first five years, and often the reasons are financial ones.

It always pays to do a detailed financial plan for launching a business before you spend any time or money on it.

And prepare for not making an income from it for 12-24 months.

Be financially ready, and you’ll be better off in the long run.

This doesn’t mean you can’t start a business quickly and cheaply, but be aware in most cases it does take time and money to find success.

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