Start-up costs and funding
Understand how much money you need to start a business.
You will need some money to get started. Each business is different, so the amount you need will depend on your unique requirements.
Research your needs early so you have a clear idea of your start-up costs.
Calculate your costs
Things you may need to pay for include:
- building rent and renovations
- registration and licence fees.
Get a start-up costing template on the Australian Government's Business website.
Sources of finance
Once you have mapped your start-up costs, you should have an idea of how much money you need to get started.
Some business owners may have money saved to self-fund their business. Others may require funding from outside sources.
Different ways to finance your business include:
Find out more about these and other available funding products by reading the FitsME - essential guide on the Australian's Government's Australian Small Business and Family Enterprise Ombudsman.
30 September 2022, 1:48 pm