start-up costs
Some examples of start up costs include: Installing equipment Acquiring premises Renovating Premises Initial stock License agreements
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markets with high start-up costs are less likely to be perfectly competitive.
it means if the start-up costs are incurred before a business can start to operate, such as the deposit on rented property, and the purchase of equipment and initial stock
it means if the start-up costs are incurred before a business can start to operate, such as the deposit on rented property, and the purchase of equipment and initial stock
Start up costs need to be included in your "Business Plan" that all businesses have before starting any business.
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high start up costs
Some industries such as the service industry have lower start up costs for businesses and therefore make it easier for entrepreneurs to start a business and be successful in this field more than in other fields that have higher start up costs
You can answer that question yourself by calculating your projected start up costs. These costs will include, but not limited to, (1) business formation costs, (2) licensing costs, (3) real estate and facility acquisition / construction costs, (4) supplier costs, (5) initial marketing costs, (6) initial inventory costs, (7) employee costs and many more costs. You probably should list all of the costs you can imagine in starting this business and strive to obtain an objective measurement of each cost. The summation of all of these costs will be your start-up costs and you, as the owner and manager of the business, will realize immeasurable benefits by conducting this exercise yourself.