Looks kind of interesting. Also, they have some useful information like how to start a small business and anticipated costs. Below are the expected costs for developing a food product.
Anticipated Start-up Costs
Costs will vary depending on the product and current materials in place. You should expect your start-up costs to be between $4,000-7,000 minimum. Some of the costs:
Business entity formed, registered and Employer Identification Number (EIN) application $500 approx.
Universal Product Code UPC application $750
UPC renewal each year $150 (min.)
Product testing $20-$150
Other expenses to consider:
Food costs
General and product liability insurance
Logo and label design and printing costs
Labor
Packaging - jars, lids, shipping cartons
Excess production and production mistakes
Returns and breakages
Transportation
Record keeping and sales reports
Customers who do not pay
Accounting and legal fees
Advertising and promotion
To access additional information on material sources including packaging, label designers, product testing contacts, and similar details, contact 419-535-6000 or email and ask for the NOCK contact. You will be given the password to access details.
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