How do I determine my startup costs and other expenses?

[Snazzy001]

I just feel like this is dependent on the kind of products you want to go into and the quantity you want to take for a start and also the quality matters too

 

[Fizzy_boi]

It is wise to find out what startup costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow on the equity on their home before figuring these financial factors, only to find that they don’t have enough money. There are many web sites and other resources (including SCORE offices and Business Information Centers) that provide guidelines and worksheets to help determine costs for your business. Each item on your proposed budget sheet should be researched. Closely estimated costs can be obtained from utility companies, trade associations, and networking with other business people who may have already gone through this experience.

Actually it's easier to say when starting a business to determine the rate of things or the cost of the capital to take a business a long way .It's is not easy to determine the cost of a business capital.

 

[Funky]

I do like the way you explained everything, you can know your start up cost if you get a detailed information on the quantity of what you want to start selling , and from there ,you can pick the price up.

Thank you, I have actually had to help in setting up a few business since it is part of my task in my workplace so I guess I am a bit familiar with how it works.

 

[Setfragil]

Your startup costs is determining by the type of business that you want to do, the location of the business and the size of the business will determine your startup costs and other expenses.

 

[GIFTMICHAEL]

When you minimise the level of your spending, spend less on personal wants, then save more and invest more too, it surely bring huge financial return to the business.

 

[Jlife]

Listing out what will be needed in the starting of the business is the first stage when thinking of having a rough estimate of the amount of money necessary to start up a business, you can confirm the price of all this materials from where you want to buy it.

 

[tyrim88]

It is wise to find out what startup costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow on the equity on their home before figuring these financial factors, only to find that they don’t have enough money. There are many web sites and other resources (including SCORE offices and Business Information Centers) that provide guidelines and worksheets to help determine costs for your business. Each item on your proposed budget sheet should be researched. Closely estimated costs can be obtained from utility companies, trade associations, and networking with other business people who may have already gone through this experience

It is wise to find out what startup costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow on the equity on their home before figuring these financial factors, only to find that they don’t have enough money. There are many web sites and other resources (including SCORE offices and Business Information Centers) that provide guidelines and worksheets to help determine costs for your business. Each item on your proposed budget sheet should be researched. Closely estimated costs can be obtained from utility companies, trade associations, and networking with other business people who may have already gone through this experience.

when we started our business outfit we had all the information we needed about the setting of infrastructure,runnung cost and the overhead and some basic utility tht will nake the business start running.Research and getting neccessary information from those in the sector really helped me to do the planning.

 

[jeff87]

It is wise to find out what startup costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow on the equity on their home before figuring these financial factors, only to find that they don’t have enough money. There are many web sites and other resources (including SCORE offices and Business Information Centers) that provide guidelines and worksheets to help determine costs for your business. Each item on your proposed budget sheet should be researched. Closely estimated costs can be obtained from utility companies, trade associations, and networking with other business people who may have already gone through this experience.

You must really have a record of your start up costs and expenses. Before starting a business you should have a projected budget plan for everything that your business would need. Its good that you research about many websites that provide guidelines and worksheets that would help determine the costs for your business.

 

[Monster Masterpiece]

You must really have a record of your start up costs and expenses. Before starting a business you should have a projected budget plan for everything that your business would need. Its good that you research about many websites that provide guidelines and worksheets that would help determine the costs for your business.

In most of cases people are calling an expert as self calculations are not most of time determinative and then you could false calculate expenses however if you do it by the way of an expert the calculation of costs and expenses will be exactly.

 

[Heatman]

It is wise to find out what startup costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow on the equity on their home before figuring these financial factors, only to find that they don’t have enough money. There are many web sites and other resources (including SCORE offices and Business Information Centers) that provide guidelines and worksheets to help determine costs for your business. Each item on your proposed budget sheet should be researched. Closely estimated costs can be obtained from utility companies, trade associations, and networking with other business people who may have already gone through this experience.

You will simply need to carry out a detailed research on the business in order to know the kind of expenses that are most likely to come in the business.

 

[Profwriter]

Identifying your start up cost should not be a herculean task, the first is knowing exactly what you want to do and what it will take you to get it done. Start up cost refers to the cost needed to make your business work or start functioning.
Simply list out what you need to get your business started and find out the cost of those items.

 

[Bousine123]

First off, analyse the kind of business you are going into. Then sort advice from people who have done the exact same business.

 

[Heatman]

You can determine your start-up cost by doing a thorough business plan. This helps you to capture foreseen and unforeseen circumstances. You can now improve better while on your track. The business will determine the capital. Although you can start small and grow big.

Exactly, this is the best way to determine the start up of any kind of business that you have in mind to do. Without having that plan, it's definitely going to hard to know that.

 

[Grandeur]

One of the best way to know the start up cost of a business is by meeting someone in that field and ask how much it cost to start his or hers, it would give you a close estimate.

 

[Razor1911]

One of the best way to know the start up cost of a business is by meeting someone in that field and ask how much it cost to start his or hers, it would give you a close estimate.

That's a nice idea. Taking knowledge and tips from someone in the same field will surely going to help. Find someone like that, and discuss all the pros and cons of that business sector, and how to implement your startegy.

 

[Setfragil]

I just feel like this is dependent on the kind of products you want to go into and the quantity you want to take for a start and also the quality matters too

I agree to your submission. The kind of business that you want to do matters a lot and the size of the business will determine the amounts of money that you will need to start it.

 

[Richard92]

The startup cost and other expenses can be determined through market survey and feasibility study. All you need to do is to identify the type of business you want to embark on, take out time to research the business and how much capital you are expected to use and start the business, with that you will have an idea of what the business requires and you will not get stuck in the way.

The best way for me to determine my start-up costs and other expenses for me to know when and where for me to get such money to start up a particular business.

Post automatically merged: Jul 30, 2021

The startup cost and other expenses can be determined through market survey and feasibility study. All you need to do is to identify the type of business you want to embark on, take out time to research the business and how much capital you are expected to use and start the business, with that you will have an idea of what the business requires and you will not get stuck in the way.

You can be able to determine yours start up cost or expenses in your business when you make good research about the business that you are going through or you are about to embark on.

 

[Setho]

To determine this you should always consider every single thing that you think is important for the business to start and sustain for a period of time like 6 months so that you will know your start-up cost.

 

[Rosanna001]

First you do a market survey on how much is cost to start the kind of business you interested in, then you get the income and start. Although they are a lot of things that you learn along the line. You can't have it hundred percent from the unset that's unrealistic

 

[Oliver4smile]

it all depends on the type of business you are starting, if it's a blog for example, you must consider the money for advert, seo, and other stuff. when you sit down and calculate all the expenses involved, you will be able to determine your start up capital.