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!