5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. Most entrepreneurs realize and budget for the additional costs of incorporating a business, marketing, equipment costs, and manufacturing.

Cost 309

Estimating Realistic Startup Costs

Up and Running

This article is part of our Business Startup Guide —a curated list of our articles that will get you up and running in no time! What will it cost to start that business? Startup expenses are those expenses incurred before the business is running. What are startup costs?

Cost 133

5 Unique Ways to Save Startup Costs

The Startup Magazine

For your new business venture to be successful, you need to focus on minimizing startup costs as much as possible. One of the biggest mistakes new startup owners make is starting their ventures with brand new machines or equipment.

Cost 126

3 Startup Cost Saving Hacks

YoungUpstarts

Similarly, if you have just received investment it can be very tempting to go on a startup spending spree – which can have disastrous results for your long term success, as keeping a positive cash-flow is key to business success. Keep your costs down on essentials.

Cost 130

5 Ways to Save Costs as a StartUp

The Startup Magazine

Launching a startup is both an exciting and challenging time in an entrepreneur’s life. One of the most important things to consider when growing your startup is how to save money and reduce costs. As a startup, you cannot afford to spend money unnecessarily.

Cost 128

The 7 Most Frequently Underestimated Startup Costs

YoungUpstarts

The launch of a new company can cost between hundreds and millions of dollars, but what’s essential isn’t the amount of money you invest, but how you plan for and accommodate expenses. These are the seven most frequently underestimated costs associated with startups: 1.

Cost 163

Reduce Startup Costs with These Effective Ideas

The Startup Magazine

In fact, statistically speaking, 90% of all startups will fail. To reduce the likelihood of this happening, most entrepreneurs turn to money-saving measures to manage startup costs. These can reduce the cost of running a startup in the long run too.

Cost 105

How Cost Segregation Can Help Your Business

The Startup Magazine

Property owners can reduce their income tax and increase their cash flow if they take advantage of a cost segregation study. You need to identify a good cost segregation firm to ensure that you get good service. Here are the 4 Things to know about Cost Segregation Firms.

Cost 113

What Startups Can Do to Reduce Costs

The Startup Magazine

Even if your startup is well-funded from a variety of sources — your own bank account, business loans, angel investors, etc. — you should be looking for ways to cut costs. Passively renewing your current contracts could be costing you big, so it pays to do some investigation.

Cost 112

10 Low-Cost Startup Ideas That Students Can Use

YoungUpstarts

Keep it low-cost by writing an app yourself or by partnering up with another inspired peer. Having conceptual ideas and good recommendations are a good basis for developing full-time business hiring people to extend list of services and maybe even establishing IT company.

Cost 204

How To Cut Business Costs

YoungUpstarts

There’s no denying that to start and run a business, it costs money. However, companies should always be looking for ways to cut costs, regardless of whether they’re a household name or a startup looking to become one. Learn how to cut your business costs.

Cost 130

Purposeful Hiring For Startups

The Startup Magazine

Setting up and running a startup is convenient when it’s a one-person show, but as one grows, the need for a workforce becomes increasingly evident. For a person with no HR experience, it can be intimidating knowing who to hire. Here are three hiring tips anyone can apply.

6 Changes To Your Hiring Process To Attract The Best

Startup Professionals Musings

Image via Max Pixel Startup investors tell me they invest in a new venture with a higher caliber of people, rather than the product or service, and I agree. It’s a small cost to prevent a long-term loss. Recovery from a surprise bad hire is expensive.

Hiring 213

5 Steps To Hiring Your First Employees

YoungUpstarts

Hiring your first employee is exciting and time-consuming. Still, there’s more — from legal requirements to onboarding, keep these steps in mind as you hire your first employee. Report new employee to your state’s new hire reporting agency and post required notices in the office.

Hiring 158

Why Good Marketing Campaign Costs Continue To Rise

Startup Professionals Musings

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create, and these are only the beginning.

Cost 228

[Infographic] What Does It Cost To Run A Startup?

YoungUpstarts

Planning to start your own technology startup? That’s great, but do you know how much it will cost to hire the talent that would make take your idea from concept all the way to a market-ready product? Others costs infographic Staff.com startup

Cost 259

Easy Ways To Cut Costs On Your Small Business

The Startup Magazine

The good news is that you can easily cut costs and make your business a lot more profitable at the same time. Of course, as your business grows, and you hire more staff, you are going to need to think about expanding but while it is small, you can always work from home.

Cost 130

When Should A Startup Seriously Consider Hiring Freelancers?

The Startup Magazine

Scaling always seems to be problematic for startups. One of those decisions is whether or not the company should hire a freelancer. For instance, you should not hire a freelancer simply because you want a logo to be done. You can hire freelancers to quickly test new ideas.

Hiring 126

Keeping Startup Costs Low: Three Ways To Manage It

YoungUpstarts

Costs are one of the main reasons why many businesses fail, with the price of upstart fees, management fees, buying stock, paying staff and marketing always on the rise. Here are our best tips for cost-cutting during your business’ start-up period: Grants and Business Loans.

Cost 141

6 Ways For Startups And Small Businesses To Help Reduce Cost

YoungUpstarts

Another way is to decrease cost. When running a business, specifically a startup, it’s easy to get fixated on the idea of making money. While money flowing into your business is almost unquestionably good, the money leaving your startup is just as important.

Cost 249

Hiring Matters More Than Ever At The Startup Level

YoungUpstarts

If you end up needing a startup staff for your business, this can present a whole new challenge because of the money that needs to be invested into hiring people. One option is to hire a remote workforce for your startup.

Hiring 141

5 Steps To Hiring Your First Employees

YoungUpstarts

Hiring your first employee is exciting and time-consuming. Still, there’s more — from legal requirements to onboarding, keep these steps in mind as you hire your first employee. Report new employee to your state’s new hire reporting agency and post required notices in the office.

Hiring 130

How To Keep Costs Low For A Startup Business

YoungUpstarts

Keeping costs low is important for any business, no matter how large or small. However, for startup companies, the need to keep costs down is even greater, especially if your business is not yet turning over a profit. Others managing costs money management

Cost 141

Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

There has been a lot of public debate over the past several weeks about whether it’s a good thing to be “gross margin positive” or not and commentary always reminds me that some people at startups don’t quite understand financial metrics or even how to think about which ones are healthy.

Cost-Effective TipsTo Save The Budget-Conscious Startup

The Startup Magazine

When 90 percent of startups fail , the odds are against you. This stark reminder about startup failure serves to encourage you to be smarter about your startup, particularly your finances. Think about relocating out of the typical startup zones.

Cost 123

5 Recruiting Hacks to Help Startups Hire Top Talent

Up and Running

If you’re an entrepreneur or working in a startup, you’ve heard all the hype around the extravagant perks and benefits some companies, especially in the tech scene, are offering. Type in the position you’re hiring for, clear the location. Never hired a remote worker before?

Hiring 146

How To Get Hired At A Startup Without Experience

YoungUpstarts

Joining a startup is no mystery. Also the fact that you can brag to your friends who are in corporate that you are working in a fast growing startup that is about to change the world. What you are about to read are what I did to get into a startup and what I have learnt since.

Hiring 130

6 HR Mistakes That Can Be Costly For Your Startup

YFS Magazine

Grow Human Capital hiring employees HR human capital human resourcesFrom initial entity incorporation to managing payroll, a founder is responsible for every aspect of the company — including compliance with all local, state and national laws.

Cost 129

Want A Better Startup? Hire Diverse Interns.

YoungUpstarts

Picture this: You’re a growing startup – home to innovative thinkers who have similar backgrounds, educational experiences, and interests. Studies show 83 percent of startups have all-white teams, and a mere five percent of the tech workforce is black and four percent Hispanic.

Hiring 184

Should Your Startup Go Fully Remote?

The Startup Magazine

Depending on your job, there may be hundreds, if not thousands of remote companies that may hire you , including big names like GitHub and Mozilla. As a prospective startup entrepreneur, the concept of a fully remote business might sound especially appealing to you.

Trying To Save A Buck For Your Business? Here’s The Truth About Hiring For Cheap

YoungUpstarts

However, one of the hardest lessons to learn as an entrepreneur is that there’s a huge difference between cutting costs and cutting corners. There are dozens of sites, from Upwork to Fiverr, that make it simple to hire labor for pennies on the dollar. Hiring the Right Writer.

Hiring 186

The What & Why of Hiring a Great Startup COO

View from Seed

success story Blackboard and veteran entrepreneur who’s held several COO and president roles at various startups. Many startup CEOs hire COOs or launch companies with a co-founder carrying the title. But what do COOs actually do for startups?

Hiring 343

4 Creative Ways to Reduce Small Business Startup Costs

Up and Running

Hire contract professionals. Hiring contract professionals such as accountants is a good money-saving strategy for small businesses. Prioritize startup costs. Business Planning Finance business finance business strategy funding startup costs

Cost 155

Startup Viral Marketing Costs Real Money These Days

Startup Professionals Musings

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create.

Viral 255

6 Costly Employment Contract Mistakes To Avoid

YoungUpstarts

Many startups make the mistake of not establishing a proper legal structure right off the bat. Despite the importance of employee contracts, many startups make certain common mistakes with them. Failing to do so could create costly loopholes should there be a lawsuit.

Cost 141

6 Ways For Startups To Reduce Operating Costs

YoungUpstarts

Of the many crucial issues that are unique to startup companies, month-to-month cashflow is most commonly at the top of the list. Here are a few ways for startups to reduce operating costs so they can function more efficiently, and make every dollar count: 1. by Morgan Sims.

Nine Best Cost-Cutting Tips For Startups

YoungUpstarts

Having launched my startup, Entertainment Benefits Group (EBG) , the day after 9/11, I quickly learned the value of being frugal during the challenging economic times that followed. Here are my best cost-cutting tips for startups: 1.

Cost 182

5 Ways to Manage Your Startup Expenses and Reduce Your Costs

The Startup Magazine

You make the decisions about the cash flow, the inventory, marketing, sales, cost-control, and everything else. One of the biggest challenges that new and even businesses face is how to bring the costs down. The following are the top 5 cost-control techniques: 1.

Cost 97

Tackling The Talent Gap: Best Practices For Uncovering New Hires

YoungUpstarts

Robust startup economies are popping up in communities all over the country, proving that entrepreneurs can succeed outside of Silicon Valley. At Rev1, we’re knee deep in helping startups build and scale in the Midwest, including direct support for attracting executive and tech talent.

Hiring 130

5 Things To Do To Make Sure Your First Hire Is A Good One

YoungUpstarts

Perhaps almost as exciting as starting a new business is making your first hire. So the last thing you want to do is have it all go wrong by hiring someone who’s a bad fit, making mistakes with their paperwork or paycheck, or failing to do your proper due diligence on the candidate.

Hiring 227

Hiring an SEO Agency for your Startup

The Startup Magazine

There is a lot to think about when working on your startup. Just getting the business site setup can be costly. Lack of proper SEO organization , however, can end up costing you customers in the long run. This is a major factor for startups.

SEO 85

How Is It That Some Businesses Can Keep Their Fixed Costs Down While Others Can’t?

YoungUpstarts

There are plenty of places businesses are going wrong in the modern world when it comes to their fixed costs. These are costs that are necessary to keep their operations alive , but that don’t vary depending on output. Others business costs managing costs small business finance

Cost 141

Developing a Hiring Strategy From Day One

Up and Running

As you imagine and plan how to grow your business from an idea into reality, it can be hard to envision the day when you will expand your team, hiring employees who will actually carry out the work and mission of the business. Outline a hiring process.