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About Startup CostsThe startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.![]() Put designing capabilities to use on restaurant placemats. Business OverviewLike restaurant menus, many restaurant owners are more than happy to have community businesses featured on their table placemats in exchange for receiving the placemats for free. Here is how the business works. Assume that a busy 50-seat restaurant would use 200 paper placemats each day or approximately 6,000 per month, and the cost to print 6,000 black and white placemats on color paper would be around 10 cents each, or a total of $600. Furthermore, the placemats would feature 16 business card-sized display advertisements around the outside of the placemat, while the inside of the placemat would feature trivia questions. Charging local merchants a mere 1.5 cents per advertisement, per placemat would generate total sales of $1,440 per restaurant each month, or a gross profit of $840. Now times that by ten restaurants, and you would have a great little advertising business generating sales in excess of $100,000 per year.Related Business IdeasRelated ArticlesHiring Your First EmployeeLooking to bring your first employee on board? We'll help you understand the legal requirements of hiring staff so you don't hit any rough waters down the line. How to Name Your Business What's in a business name? Plenty. Not only must your name reflect your brand and be memorable, there are also a host of legal issues to consider. Here's how to choose a name that'll best suit your business. The Basics of Money Management Before you start making money, you've got to figure out how you're going to accept payments, establish payment and credit terms, and manage your finances. This how-to will help.
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