Business Startup Costs
Here’s a small infographic on business startup costs-
By AKSHAY IYER
Essential to the startup effort is the creation
of a business plan – a detailed map of the new business to be created.
“Startup costs are crucial and you need to estimate it as accurate as possible to get keep things in flow”
Prioritization Factors :
Initial Costs
1
%
Initial Costs and Preliminary Expenses
Recurring Costs
1
%
This one’s the most under-factored cost and eats up quite a chunk!
Other Related Costs
1
%
Unforeseen Expenses arises in every business so it is important to estimate that in advance.
Start-up Progress Check
Depending on the Initial costs incurred, you should break even or progress near break even in the first 2 years.
Success to Early Break Even Ratio
60%
Live Life An Extra Mile!
5/5
