How To Calculate Start-Up Costs
In this 5-minute small business class online, you’ll learn how to calculate start-up costs for your small business.
Cost: Free
Recommended Pre-Requisite Classes: None
Instructor: Jennifer Croft
Please note: You may have to raise the volume on your computer or phone to be able to clearly hear the video.
Description
In this 5-minute, online class, you’ll learn how to calculate the start-up costs for your small business. You’ll get a sample list of typical start-up expenses and learn how to reduce start-up costs. You’ll learn how to limit the amount of money you’ll need for start-up by starting with the essentials, focusing on needs not wants, buying used equipment or leasing equipment, and negotiating payment terms with vendors and customers. You’ll find out how to calculate the amount of start-up money you’ll need and when you’ll reach breakeven.
Related Classes
Here are other small business classes online that relate to How Calculate Start-Up Costs:•How To Forecast Cash Flow
•How To Calculate Breakeven
Worksheets
The following small business worksheets will be helpful for you to use:•Start Up Costs
•Cash Flow Forecast – 1 year
Next Steps
After taking this class, here are some good next steps you can take:•Make a list of what you’ll need to start your small business.
•Get 2-3 bids for all of the expenses on your list.
•Look for ways to trim back your start-up costs.
•Calculate your breakeven points (with a salary and without a salary).