Defining Your Startup Costs
It is vitally important to control your cash as you get your business off the ground. To do this effectively you have to start out with a defined budget for both your startup costs and your continuing expenses. Most startups have similar kinds of expenses as they prepare to enter the marketplace.
We’ve already stated you’re going to have a total startup cost of $1,000 or less. Now we are ready to define those costs and give you tools for applying your budget to your business idea.
Your Startup Costs Worksheet
In Chapter 2 we detailed the Three C’s, items we assume you already own (a cell phone, a computer, and a car or truck) and will use for your business, at least in the initial stages. Typical items included ...