Startup Costs: Expenses You Should Include In Your Plan

The article discusses the importance of understanding the expenses involved in starting a business and provides tips for creating a realistic budget. Salaries, including benefits, office space, and computers, are identified as the biggest expense for startups. Other significant costs include customer acquisition, technology, and administrative expenses. The article emphasizes the need to plan for fundraising by estimating the costs and aiming for an 18-month runway. It also highlights the decreasing startup costs due to factors like coworking spaces, remote work policies, and cloud services. The article advises considering talent, marketing, technology, office, and administrative costs while adapting the budget over time to account for changing circumstances.

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Startup Costs: Expenses You Should Include In Your Plan By Tina Tran