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Old 22nd June 2018, 03:41 PM   #1
AngelBiz
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Join Date: May 2010
Location: Detroit, MI
Posts: 1,115
Default Hidden Costs That Could Threaten Your New Business

It’s a precarious time when you start a new business, so it’s important to be on top of your outgoings and stay aware of any costs that might lead to your venture going under. To ensure your venture starts on the right step, we explore those hidden costs that you may not have originally considered.

Keep an eye on your bills

Any business will use energy, so you’ll need to make sure you know what charges you’re incurring. According to Business Energy, micro businesses in the UK use an average of 7,500 kWh of electricity annually, with a bill of £1,062. Moving up to a small business, they would pay £2,038 per year, for around 15,000 kWh of power. A medium sized business is likely to pay £3,146 (25,000 kWh), whereas a large industrial business will more than often pay for 60,000 kWh, which equates to £7,346 per year.

Read more - http://www.smallbizviewpoints.com/20...-new-business/

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