Startup Business Calculator

Digital/Home-based: Businesses that operate primarily online or from a home office. Examples include e-commerce stores, freelance services, or online consulting.

Physical Store: Traditional brick-and-mortar businesses with a physical location that customers can visit. Examples include retail shops, restaurants, or local service providers.

LLC (Limited Liability Company): A flexible business structure that provides personal asset protection and tax benefits. Suitable for small to medium-sized businesses.

Sole Proprietorship: The simplest business structure where the business is owned and run by one person. Easy to set up but doesn't provide personal asset protection.

Corporation: A more complex business structure that provides the strongest protection from personal liability but has more regulations and tax requirements.

Retail: Businesses that sell products directly to consumers. Can be brick-and-mortar stores or online shops.

Technology: Businesses focused on creating, developing, or selling technology products or services.

Food Service: Restaurants, cafes, food trucks, and other businesses that prepare and serve food to customers.

Consulting: Businesses that provide expert advice and services to other businesses or individuals.

Manufacturing: Businesses that produce goods for sale using labor and machines, tools, and chemical or biological processing or formulation.

Initial costs typically include:

• Inventory: The products you'll sell or materials needed for your service.
• Equipment: Machinery, tools, or technology needed to run your business.
• Permits and Licenses: Legal documents required to operate your business.
• Legal Fees: Costs for legal advice or document preparation when setting up your business.

Marketing and branding costs may include:

• Website development and hosting
• Logo design and branding materials
• Initial advertising campaigns (online and offline)
• Business cards and promotional materials
• Social media setup and management

Technology and equipment costs may include:

• Computers, tablets, and smartphones
• Software licenses and subscriptions
• Point of Sale (POS) systems
• Office equipment (printers, scanners, etc.)
• Industry-specific machinery or tools

Human Resources costs typically include:

• Employee salaries and wages
• Payroll taxes
• Health insurance and other benefits
• Workers' compensation insurance
• Training and development costs

Professional services often include:

• Accounting and bookkeeping services
• Legal counsel and services
• Business consulting
• IT support services
• Insurance broker fees

Insurance costs may include:

• General liability insurance
• Professional liability insurance (if applicable)
• Property insurance
• Business interruption insurance
• Cyber liability insurance (for digital businesses)

Operational costs typically include:

• Rent or lease payments
• Utilities (electricity, water, internet, phone)
• Office supplies
• Maintenance and cleaning
• Inventory restocking (for retail businesses)