Hidden Costs of Starting a Small Businessby@mburke

Hidden Costs of Starting a Small Business

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If you don't consider all of your possible costs when making your projections, you could find that your revenue is not keeping up. When crafting your business plan, you need to factor in every possible expense to be accurate. Here are some hidden costs of starting a small business that you might not know about but need to consider. If you have employees, you will need workers’ compensation insurance. You should never start a business without already having insurance in place. There are also possible risks from damage to inventory and property or from getting in a car accident.

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@mburke

Megan Burke

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