Because each business is unique, there is no universal funding amount needed to launch a business. Despite this, the following slides will serve as a checklist representing common start-up costs.

1. THE 10 MOST COMMON
START-UP COSTS TO
CONSIDER WHEN
LAUNCHING YOUR BUSINESS

2. .
.
.
Budgeting for the early days of your company
is extremely vital. If done incorrectly, your
business may never even get off of the
ground in the first place.

3. Start-up costs should
include initial one-time
costs to launch the
business as well as
ongoing expenses in the
first few months to
support the company as
it gains traction in the
market.

4. Because each business is
unique, there is no universal
funding amount needed to
launch a business.
Despite this, the following slides
will serve as a checklist
representing common start-up
costs.

5. NEED HELP
PREPARING YOUR
START-UP BUDGET?
CLICK HERE

6. #1: Rent and Utilities
Whether a traditional brick and mortar store, co-
work space or a dedicated office space, most
start-ups should plan on an initial down payment
and ongoing payments for both rent and utilities

7. #2: Furniture, Fixtures, and Equipment
Furniture, Fixtures, and Equipment (FF&E)
are capital expenditures that do not have a
permanent impact on the building or
utilities. Examples include computers,
desks, chairs, etc.

8. #3: Professional Fees
The most common professional fees for
early stage businesses include legal fees
needed for incorporation and potentially
establishing other intangible assets such
as intellectual property and/or
trademarks. Others may include
accounting and consulting fees

9. Regardless of the sector, every operational business needs a website to aid in
brand awareness (whether a landing page or fully operational)
#4: Website Development

10. #5: Personnel
Expenses
It is paramount for start-ups to
execute on a key hiring plan that
focuses on employing the right
individuals to assist in operations,
sales and marketing, finance and
accounting. Startups should budget
for key management and support
hires

11. #6: Sales and Marketing
Allocating a substantial budget for a sales and
marketing budget is key. Providing the marketing
team with resources to implement online and offline
sales and branding initiatives will allow the business
to get off the ground

12. #7: Inventory
Product-based businesses typically require initial
inventory in order to sell their goods to other
businesses and consumers

13. #8: Research & Development
R&D can represent a substantial initial and ongoing expenses for certain
industries like software and medical device companies among others.

14. #9: Miscellaneous
Office Expenses
General office expenses encompass costs
incurred to support operations and selling
activities. Examples include telephone,
internet and office supplies

15. .
#10: Cash Reserve
It is imperative that entrepreneurs Have a cash cushion on
hand at all times To Protect the company against
unprofitable months and quarters. This reserve should
ideally total six months worth of operating expenses along
with a substantial working capital budget
.

16. In summary, here is the list of
items to be sure to include in
your start-up budget:
• Rent & utilities
• Furniture, fixtures and equipment
• Professional fees
• Website development
• Personnel expenses
• Sales & marketing
• Inventory
• Research & development
• Miscellaneous office expenses
• Cash revenue