Understand which business startup costs to consider, then use our handy startup budget templates for a range of industries to work out what kind of capital you'll need to make your dream a reality.
Whether you're seriously considering launching your own business or casually contemplating the idea, understanding business startup costs—as well as what it takes to plan and launch a new venture—should be a priority.
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 a range of startup guides and budget template worksheets for different industries. Our guides will walk you through the most important things to consider and plan for when starting a new bar, trucking or lawn care business, while our customizable budget worksheets will help you figure out average startup costs for a business—whether it's a restaurant, food truck, gym, or beauty salon you're hoping to launch.
From liquor licenses to location permits and top-of-the-line stock, there are a number of considerations and costs involved in starting your own bar. Explore our comprehensive guide on how to open a bar, and find out how much you'll need to put on your startup tab with our bar startup cost calculator worksheet.
If you're researching how to start a trucking business, check out our comprehensive guide. It covers everything from the types of trucking companies you could consider and creating a business plan, to initial as well as ongoing costs. And it comes with a customizable trucking startup cost calculator worksheet.
Starting your own business costs a lot of money—but our startup budget templates are free.
So, how much money do you need to start a business? Business startup costs, by definition, vary according to industry. And the amount of startup business funding it'll take to get your venture off the ground will vary wildly from case to case.
For instance, although both are 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). Similarly, the equipment required to start a bar will be drastically different in scope and cost from equipment needed to open a gym or beauty salon.
Developing a solid understanding of your industry and the finances required to start a business early on is crucial. And that’s where Sage’s startup cost calculator worksheets come in. They offer guidelines for each industry on specific startup costs and line items, plus you can customize each form with room for additional fields to account for any of the extra costs that might crop up.
To help get you off on the right foot, you'll find detailed information on how much capital you'll need to start a business in your chosen field—and keep it thriving. In addition to our business startup cost worksheets, you’ll find valuable insights from startup owners in various industries, sharing knowledge that they wish they'd had before jumping in.
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 costs and represent a large chunk of money needed 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.
