Many people are looking to start up a business each day. When looking to start up a business there will be certain expenditures that people will need to pay to get started. These expenditures are known as start up costs. When looking to evaluate the costs of starting up a business you will need to go over a couple types of costs.
These costs include the one time costs and the monthly expenses. This will make up the total estimated capital to begin a business. By going over these things you will have the means to evaluate the total cost of starting up your business and what amount of capital you will need.
Start Up Costs Calculator: One Time Costs
For those who start up a business, one of the more important type of capital you need to go over is the one time costs. These are the costs that you will need in order to get the business started. These costs usually include inventory, installation, legal/professional fees, deposits for utilities, advertising and also prepaid rent.
With these costs you will be sure to know how much money you will need in order to get your business started. On the Excel template you will just need to put together a table under the heading One Time Costs and then list each of these expenses on one column and the cost on another.
Monthly Costs Start Up Calculator
The next kind of costs that you will need to go over on an Excel template is the monthly costs. These are the costs you need to pay on a monthly basis once you start your business. The monthly costs will usually include rent, utilities, advertising, professional fees and also salaries and wages.
On the Excel template you will usually put down the costs under the heading Expenses and then record the amount on another column. By using this part of the template you will have the means to find out how much it will cost to start and run a business.