Whether you’re seriously considering launching your own business now or casually contemplating the idea of your own venture, understanding startup costs has to be on the top of your list for your bottom line.
So, how much does it cost to start a business? It’s a valid question asked by many an enterprising entrepreneur. That’s why Sage has created startup cost worksheets for you, built around some of the most popular types of startups today—from restaurants to food trucks to gyms to beauty salons and more.
Startup costs, by definition, vary according to industry. Overall, startup costs refer to the initial expenditures needed to get a brand new business up and running. These costs are sometimes referred to as pre-opening expenses. Typically, these are one-time only costs and represent a large chunk of change that must be doled out by aspiring startup owners to launch their business.
Startup costs encompass all of the things you'll need to get your business operational and can include equipment costs (such as weight machine equipment for gyms, or ovens and griddles for restaurants), licensing fees and permits, attorney fees (to have a qualified professional review your documents, employee training), and a variety of other costs associated with opening your own business.
To help get your business off on the right foot, you’ll find detailed information on the amount of capital required to start a specific type of business—and keep it thriving. In addition to our startup cost worksheets, you’ll find valuable insights from startup owners in various industries, sharing knowledge that they wish they had before taking on their dream businesses.
Starting your own business costs a lot of money—but these worksheets are free! In addition to offering guidelines for specific startup costs and line items, you can customize each form with room for additional fields to account for any of the extra costs you may incur on the road to starting your own business.
There’s a good reason why the very first step in launching a startup is determining which industry you’re going to be a part of. Every industry is different and requires vastly different amounts of capital to get a business off the ground and ensure it can sustain itself for years to come. For instance, although both have a foot in the food industry, there's a big difference in the amount of money required to launch a food truck (approximately $50,000 to $150,000) versus a restaurant (between $275,000 and $425,000).
So, how much money do you need to start a business? Every industry has different considerations that owners need to understand to ensure long-term success. Developing this knowledge of your industry early on is the first step on the long journey before your customers clang their first barbell or enjoy their first bowl of piping hot mac n’ cheese. This cost is all relevant to your industry—and that’s where Sage’s startup cost calculator worksheets come in!
Every business is different—but it’s important to get yours off to a good start. The foundations of a strong startup that will stand the test of time are steeped in sound financial planning. Different industries require different startup costs and have specific considerations. The equipment required to launch a food truck will be drastically different in scope and cost from equipment needed to start a gym or beauty salon.
Browse through our collection of free cost calculator worksheets organized by industry. Start developing your knowledge of the funding it takes to begin your dream business and to keep it fully operational in the months and years ahead.