Question

“Capital” refers to the money and supplies needed to start a business. Imagine you are starting a business where you will make cupcakes. What are some examples of capital that you will need to start your business?

Answer 1

Examples of capital needed to start a cupcake business:
- Kitchen equipment (oven, mixer, baking pans, etc.)
- Ingredients (flour, sugar, eggs, butter, etc.)
- Packaging materials (cupcake boxes, wrappers, etc.)
- Advertising materials (business cards, flyers, etc.)
- Licenses and permits (business license, food safety certification, etc.)
- Furniture and fixtures (tables, chairs, display cases, etc.)
- Website and online presence (domain name, hosting, etc.)
- Insurance (liability, property, etc.)