How to calculate your set up costs
When you’re looking to start up your own business, one of the most important costs you’ll need to accurately calculate is your cost of starting up. These outlays are what you'll need to consider before you can begin focusing on sales. These items are what you’ll need to consider buying before you can begin focusing on sales.
Use our pre-formatted set up cost template to help in your calculations.Download template
Equipment and assets
Enter the dollar value of equipment, office equipment and any fittings you may need. Next to this table you can enter the expected life span of each of these assets before they’ll need to be replaced.
Other ‘one off’ costs
Some of these costs may not be applicable to your business, in which case just fill in the dollar values of the costs you will have to pay. These may include initial stock, licence fees, stationery and insurance.