The average cost to start a business can vary greatly depending on the type of business, with online-only businesses costing around $35,000, mobile businesses around $92,500, and storefront businesses around $100,000 in the first year. Many business owners rely on their savings, personal loans, and credit cards to fund their startups, rather than traditional business loans. To mitigate expenses, it's essential to identify potential costs and prioritize spending. Startup costs typically fall into seven categories: incorporation, office space, staff, website, product development, business admin costs, and taxes. Reducing startup costs can be achieved by starting online, finding inexpensive office spaces, building products yourself, and using no-code app builders. These strategies not only save money but also enable founders to generate revenue faster and make it easier to secure seed funding.