What Is Your Start Up Cost

After you would have figured out what your business idea entails, calculating a start up cost will be most appropriate.  Every business has its own specific start up cost. Some businesses can start on a shoestring budget while others would require a whole lot of investment to startup. A good way to know what your start up cost will be is to carry out a research on existing businesses like yours.
Try keeping your start up cost to the barest minimum although some businesses might require a large capital set up.

Start up cost could range from,
Business incorporating cost
Licenses and permit,
Rent, equipment,
Cars, fixture and fitting,
Initial inventory,
Advertising and marketing.
Please note that these are in no way a must for all businesses.

Over head costs are cost incurred from business operations. These costs includes
Rent
Utilities
Wages
Inventory replenishment
Adverting & marketing
Taxes
Loan repayment 
Internet bills
The next thing will be to compare the start up cost against your sales forecast figure. Cost should not be higher than forecasted sales as this will spell loss from the very onset of business.
It is very important to note as a new business owner that it will take some time for a new business like yours to make regular or high profit. Try keeping cost to a bearable minimum so you can break even.
It is worthy to note that failure of new businesses within the first three years of start up is mostly due to improper calculation of initial startup cost which leads to credit crunch.
There are resources online that you can use to calculate your start up cost.
Visit the link below.

Use this link to help with calculating your startup cost: Starting Costs Calculator