Business Strategy, Design, Marketing, Technology - Mind Your Online Business

Category: Startups


Step 3: It’s Budget Time.

Posted on 17th January, by Marzena Kmiecik in Startups, Strategy. 25 Comments


So, you’ve got an idea. You’ve got a vision. You’ve defined your purpose. You’ve drawn a plan. Now, how much is this all going to cost? Running your business online is definitely more cost-effective than maintaining an office or a bricks-and-mortar. That said, there are costs that must be factored in, both in establishing the business and maintaining it. Here, we’ll divide them into two basic categories: Startup and Upkeep. If a cost falls into both categories, we’ll note that as well. Get quotes and leave room in your budget for these costs and services.Budget your resources so that you can cover at least 3-6 months. You’ll want to create the right product for your customers and have the flexibility to tweak it as needed.

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