The estimated startup cost refers to the amount of money required to start a new business. This cost can vary depending on the type of business, the location, and the industry. Generally, startup costs can include expenses such as office space rental, equipment and supplies, marketing and advertising, legal and regulatory fees, and employee salaries. It is important for entrepreneurs to accurately estimate the startup cost in order to secure funding, make decisions on business operations, and plan for future growth.
This mind map was published on 17 May 2023 and has been viewed 105 times.