Home based start up costs

From: http://www.businessnewsdaily.com/1918-home-based-businesses-startups.html

Most Home-Based Businesses Start for Less Than $5,000

9:03 AM ET   |   

By: Chad Brooks, BusinessNewsDaily Contributor

18

Jan 2012

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A new report from CreditDonkey.comshows it takes less than $5,000 for most home-based business owners to get up and running.
The research, which details where small-business owners got their startup capital, found that while the average cost of starting a home-based business was $25,000, 39 percent of owners said it took less than $5,000, with another 25 percent not needing any startup financing at all.
According to the report, small-business owners needing money turned to a number of sources, such as:

• Personal/family savings – 60 percent
• Credit cards – 10 percent
• Business loans from a bank – 7 percent
• Home equity loan – 4 percent

In order to get up and running, CreditDonkey says there are several expenses entrepreneurs can expect to pay, including legal fees and licenses, marketing, supplies and equipment, insurance and professional and merchant services.