You have a great idea for a small business. You’ve tested it. You’ve established key metrics that will help you turn data into insights to help your business stay on track. You’ve built a financial plan that proves you can bootstrap your small business and use the revenue you generate — instead of an infusion of outside capital — to fuel your growth.
Maybe.
When you start a small business, it’s fairly easy to determine many of your costs. Equipment. Inventory. Supplies. Fulfillment. Determining product costs, for example, is fairly straightforward.
