Home topics start-up-entrepreneur Startup Tips | Advice Startup The hidden costs of starting a business Alan Manly February 2, 2018 Startups with good a business plan give comfort to entrepreneurs and investors in part because the plan details the objectives, strategies and tactics along with the anticipated profits. There is however a wide variation in business plans. Some are voluminous demonstrations of thorough research, while some exist as a mere template borrowed from the internet to meet the formalities. Others, it has been found, reside in the mind of the entrepreneur. History shows that all styles of business plans can prove to be successful. However, no matter what style of business plan is being used they all have one dangerous characteristic, the undocumented costs of starting up a business. These costs are so named because they are neither in the small print nor found between the lines. They are truly hidden until time and experience brings them to the fore. Below are a few of the hidden costs in setting up a business: Time Keen to get up the startup established the entrepreneur can quickly find that the sense of applied that took the venture from an idea, to a business plan and now an embryonic business is not shared by others. Those time lines for tasks in the business plan, often based on some experience and more than a little optimism, now highlight that whilst you may be able to manage your time, you are powerless to manage those