Calculating The Startup Costs Of Your New Business

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The most important element of your business plan is undoubtedly the financial analysis. This will tell you whether your business idea is financially viable and whether it will be profitable in a suitable time frame. You also need to understand how much startup capital (money) you’ll need to get the business up and to keep it running until such time as you think it will become profitable. Here are some items to keep in mind as you try to add up the startup costs. You might also want to use this startup calculator

1. Legal Fees
2. Licenses and Permits
3. Prepaid Rent
4. Deposits (Public Utilities, etc.)
5. Remodeling Work (Build Out)
6. Furniture and Fixtures
7. Letterhead, Cards, Logo, Brochures
8. Advertising (Signage, Grand Opening, etc.)
9. Computers, Web Site, Software
10. Insurance
11. Accounting Fees
12. Management Consultants
13. Cash
14. Accountant
15. Beginning Inventory

Republished with author's permission from original post.

Jim Smith
YCHANGE International
Jim Smith mentors entrepreneurial start-ups and counsels small to mid sized companies that are looking to expand or are under performing or under capitalized.

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