Wednesday, April 18, 2012

Broadband Saves U.S. Start-Ups $16,000 Each

High-speed broadband saves U.S. start-ups and entrepreneurs $16,550.52 in costs when a new business is started, according to a report published by the Internet Innovation Alliance and the Small Business and Entrepreneurship Council. Here are the top 10 ways high-speed Internet, including wireless broadband, saves American entrepreneurs money


Top 10 Ways Broadband Saves American Entrepreneurs Money
CategoryTraditionalOnlineAmount Saved on Start-up Costs% Saved
Accounting: Online Services and Software vs. Traditional Accountant Services$2,101.00$267.30$1,833.7087.28%
Printing Services$875.22$497.15$378.0743.20%
Telephone Line$696.00$264.00$432.0062.07%
Website Design and Hosting$2,397.84$299.64$2,098.2087.50%
Mobile Apps and Business Owner’s Time$35,027.20$31,524.48$3,502.7210.00%
Logo Design$500.00$42.00$458.0091.60%
Office Space vs. Home Office$6,180.00$0.00$6,180.00100.00%
Incorporating a Business$394.67$98.67$296.0075.00%
Newspaper Subscriptions$348.71$0.00$348.71100.00%
Travel Costs: Air Travel vs. Online Video Calls/Conferencing$1,083.00$59.88$1,023.1294.47%
TOTAL$49,603.64$33,053.12$16,550.5233.37%
Cost of Broadband Connection$490.00
Total Saved, with Broadband$16,060.52

Savings may also be greater for businesses that tap into broadband for a host of other needs not covered in the study, including purchasing equipment and furniture, utilizing cloud services, or marketing products and services.


 According to the Kauffman Foundation, young firms were responsible for nearly all the net job creation in the United States between 1980 and 2005.  Kauffman estimates that new firms create approximately three million jobs each year, and have created 40 million new jobs since 1980.

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