Explain what your business will be doing and they will inform you of what licenses or permits you will need. Note carefully what changes you will have to make to your proposed business location and ask a contractor for an estimate of the cost of such improvements. These are part of your start-up costs. In addition to start-up costs, each business will have annual costs. By picking up the phone and contacting those who provide the goods and services you need, you will be in a position to know how much your business will need every year.
Most businesses have most of the following annual costs.
You've survived this long. You have a much better idea of how much money the business has to provide you every year, what the start-up costs will be, and your annual business expenses. You are now in a position to meet with a University business agent. He or she can use your answers to help you decide whether or not it is likely that your business will generate sufficient sales to pay you what you need to live on, what your business needs every year, and what debt service will be required. That is the next step in determining whether or not going into business in Oconto County is for you.