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You've got your firm idea, think that you will be able to get a good loan and even have your firm plan being written but... The one big burning issue is - How much does it cost to start a business?

Well you first of all have to be realistic and understand that you are unlikely to make a profit within the first six months of firm - so you should also funds for your first six months running costs. So here is your shopping list:

1) purchase of lease/franchise/premises. This will comprise any Realtor fees, deposits and other legal expenses.

2) Cost of fit out and purchase of new equipment. This will comprise any work that needs to be done on your premises as well as any tool you have to buy in order to start and run your business. Often you can lease tool in order to mitigate high start up costs.

3) Six months worth of advertising and marketing. This will be particularly high at the start as you invent your business. Factor in some cold calling as well as a begin party or opportunity day.

4) Legal, licensing and banking costs. Your firm will need to be set up correctly, licensed and have a good bank account. Sadly all of these wish money. You may also need a payment processing service to use credit cards.

5) Staff costs for six months. Staff will be the basis of providing good service to your new customers. Make sure that you have adequate money put aside to find them, train them and keep them!

6) Uniforms, office and marketing supplies, packaging etc. You will need to invent your brand. This means that your staff will need uniforms or at the least firm cards and name tags. You will need brochures, adverts etc. If approved you will also need standardized packaging and documentation. Your office will also need office tool and supplies. You should also funds for designing your logo, brochures and adverts if you cannot do this yourself.

7) Stock and supplies - to keep you going for six months.

8) Maintenance for six months - your tool will also need to keep going for six months.

9) Any loans that you have will also have to be paid. Again look at least at six months or until you break even and can pay the loan.

10) Your wage for six months - lastly you will need to pay your own bills and verbalize your family during this time. You should expect that for a short while your approved of living will go down.

Add this up and add 10% for contingency

Good luck