A 2016 survey of SMEs owners found that 64% of business owners underestimated their expenses for the first business year.
This really isn’t a good way to get things started.
According to StartupDonut, ( they have a costs calculator on their website) the biggest operating cost for businesses are usually premises and staff – but this depends entirely on the nature of your business. If you’re running a staffless eCommerce store, then perhaps neither of these costs apply to you.
Here are the most common expenses for small businesses listed by StartupDonut: