3 Hidden Costs That You Need To Be Aware of In Your New Business

People start up new businesses everyday. They can be on a small-scale, like being a blogger which is what I do, or starting up a new venture complete with premises, staff and the bills to pay. I’m writing this post to make sure you are aware of the hidden costs that you need to plan for to stop your business from becoming a failure from the very start. Planning is key to get your business on the way up from the beginning.

These are the top 3 hidden costs you need to be aware of:

Utility Bills

Bills such as electricity and gas can creep upon you if you don’t keep an eye on the usage. Did you know that a micro business based in the UK will use on average 7,500 kWh of electricity per year and face a total bill of £1,062 as a result? According to data from BusinessEnergy. The bill rises to £2,038 for a small business, £3,146 bill for a medium-sized business and a £7,346 bill for an industrial business.

All of this doesn’t include your gas bill costs.

So as you are setting up your business shop around and find the best offers for your needs. Flogas, for instance, offer a competitively priced and reliable gas supply and can help save up to 45 per cent on your gas alone.

Hidden business costs to be aware of when starting a venture

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