The first question aspiring entrepreneurs usually ask themselves: can I afford to launch my own startup? The only way to find out is to calculate the cost of making your business a reality. We’ve got just what you need; our free startup costs calculator is an easy-to-use tool to help you identify and estimate the cost of launching a startup as well as helpful tips to get your business off the ground.
Estimate Your Startup Expenses Using the Startup Costs Calculator
Disclaimer: This calculator is only meant to be an estimate of startup costs. Startup expenses can vary depending on the type of business you’re running.
Enter the startup expenses that apply to your business:
What Are Startup Costs?
Startup costs range from office supplies and inventory to formation fees and employment taxes. Generally, startup costs are divided into two categories: fixed costs that are continuous and variable costs that change in amount and frequency.
Steps After Estimating Your Startup Costs
Read Our Guide on How to Start a Startup
Having a general idea of your startup costs will be the first step in launching your startup company. Next, learn the ins and outs of starting a startup, such as securing funding and developing an effective marketing strategy, by reading our guide on How to Start a Startup.
Create a Business Plan for Your Startup
Your startup’s business plan is essentially the outline of the first three to five years of your startup’s life, including the milestones you hope to achieve and how your company will do it. This is an absolutely essential document that you will need to gain funding from investors as well as use as a point of reference to manage your startup.
Explore Startup Funding Options
Once you have your business plan and an idea of the costs you’ll need covered, you can start exploring startup funding options. There are many startup funding options, including grants, loans, crowdfunding, and venture capital, to choose from depending on your industry and business type. For example, startups that are developing new technologies may opt for government grants, while an app development startup poised for rapid growth might have better luck with venture capital investors.