Startup Cost Calculating Strategy (स्टार्टअप कॉस्ट कैलक्युलेटिंग स्ट्रेटेजी)

Cost Management is the biggest challenge to make any startup idea successful. More than 40 percent of startups in India flopped within a year of inception. The main reason for this is that without any startup cost calculations start doing.  

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Once the list of expenses is ready, their calculations should also be done at the same time. Calculations of expanse included in the list will be done in different ways. Expenses that have fixed costs,They have to be kept in separate list, which includes permit and license fees, service of lawyer and accountant etc. While you can estimate the cost of employee salary, marketing material or office space etc., you can include the cost calculation in approximate cost. When you start a startup, all such costs can be finalized according to the situation at that time. 

Use this planning for Startup Funding

Proper planning of startup cost calculation will not only help you after the start of business, but will also be useful when you meet the investor. If you meet an investor with startup idea only then he can show interest in your idea but can doubt on how the idea will work in a fixed budget. Any professional investor or company gives importance to business planning along with Idea. The investor sees how much the cost is coming and after investing so much, when will the profit start coming? Apart from this, after seeing the report of the investor cost calculation, you also get an idea of ​​your ability. After making the list of expenses, separate them once according to the investment, monthly and annual payment. While hiring the basic service for startup, you should do a good research, so that communication or other services can get you in a lower budget and better plan. 

Mark basic expanse 

Generally, there are three categories of startups, in which brick and thickness business, e-commorce and service sector business. Therefore, the startup cost may vary by category. Some basic investments are the same in all categories of startups.That is why we are talking about the basic investment that needs to be pointed out. It mainly includes the cost of office space, equipment and furniture, communication cost, license and permit, insurance, lawyer and accountant, employee salary, advertisment and marketing, market research, marketing material and website etc. At the same time, according to the business category, you can also include the estimated cost of travel etc. in this list.