According to the U.S. Small Business Administration it can cost up to $5,000 to start a small, home-based business. Such costs are contingent on the need for inventory, supplies, and other related costs.
However, if you have a natural talent with controlling animals, bookkeeping, planning social event, or physical fitness, your startup costs could be a few hundred dollars or no more than $1,200.
If you know how to monetize your skills and network locally, it won’t cost a lot to launch a full-time business as a sole proprietor.
