Basic Startup Costs

From Entrepedia: The Entrepreneurship Wiki

Jump to: navigation, search

When factoring the costs involved in launching a startup venture, consider some of the following:

Overhead costs may include rent, utilities, phone and internet charges (don't forget about the hook-up fee as well), and insurances. If you have a staff, you will also need to consider salaries and National Insurance costs.

Your sales and marketing costs should also take into account brand design, web design, and web hosting costs, as well as domain registration and printing fees for business cards, posters, brochures, or even calendars. Don't discount the fees that will be leveraged by solicitors (more on solicitor fees) and accountants for services such as annual accounts filing, company registration, employment contracts, Terms and Conditions for sale of goods, and bookkeeping. Some of these services may involve an additional charge in themselves that you will have to account for. Also consider the cost of a company secretary service. You will also need to consider the costs involved with Intellectual Property protection, such as patent agent fees, and the initial and annual filing.

There are significant costs that can be incurred within your daily operations, as well as several small charges that can be easily overlooked, such as your consumables: stationary and other office supplies, printer paper, ink cartridges etc. There's equipment to be considered as well: the cost of your computer (or computers), printer (or printers), and server may be cheaper if you look into a lease. There are also software and other licenses that you will need to pay for. Don't leave out any costs incurred by travel and subsistence, including customer visits, supplier visits, and conferences.

See the Suppliers section and IT Services section on money saving alternatives.
Personal tools
Keep up to date
  • Entrepedia on FaceBook
  • The Entrepedia RSS feed
  • Entrepedia on Twitter
Create a page