Startup Costs

In order to be successful at starting up and running a business, you need to have a clear understanding of your business - both strengths and weaknesses. You also need to have a clear mission and goals as well as measureable objectives. Acquiring this understanding calls for developing and documenting a business plan. And to do this, you need to collect information about the business environment, your products and the marketplace you are targeting.

In today's economic environment, the survival and prosperity of your business venture hinges on your familiarity with the impact of technology on your marketplace and a thorough knowledge of your competition. Your success depends on your ability to identify those niches where you can be successful and the resources that you need.

You can find a recommended business plan outline here. The most important element is actually one of the last and should be performed immediately - the financial analysis. This will tell you whether your business idea is financially viable and whether it will be profitable in a suitable timeframe. 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.


One-Time Start-Up Costs

1.   Legal Fees   $
2.   Licenses and Permits   $
3.   Prepaid Rent   $
4.   Deposits (Public Utilities, etc.)   $
5.   Remodeling Work   $
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.   Other   $


Startup Subtotal


Monthly Expenses


15.   Salary - owner (amount you need to live)   $
16.   Other salaries and wages   $
17.   Lease   $
18.   Utilities   $
19.   Telephone   $
20.   Advertising   $



Entertainment and Travel




Taxes, including Social Security


Internet and Web Site Hosting


Repairs and Maintenance


Legal and other professional fees







Calculate total start-up funds


Estimated # of months to become profitable


Monthly expense total for those months


Your one time start-up expense



Total start-up costs


Stay up to date with news and current issues impacting small business marketing and Internet marketing strategies by blogging with us on Jumpstart Your Business.

© 1995 - 2010 YCHANGE International LLC.  All rights reserved