Running costs are the ongoing expenses required to keep a business operational. These typically include:
Rent or mortgage payments: Costs for office space.
Salaries and wages: Employee compensation.
Utilities: Expenses for electricity, water, internet, etc.
Insurance: Coverage for property, liability, and employees.
Marketing and advertising: Continuous promotional activities.
Office supplies and equipment maintenance: Costs for stationery, repairs, and upkeep.
Professional fees: Payments for accounting, legal, and consulting services.
Taxes: Corporate taxes, VAT, and other applicable taxes.
Inventory and supplies: Ongoing purchase of stock and materials.