In the busyness of getting the idea right, most entrepreneurs end up ignoring the business startup costs. Out of the 10 social venture ideas evaluated today, we found invariably, our friends had ignored this aspect consistently.

Experience shows that the start-up costs are significant in any form of the business. Especially during selling the idea, recruiting initial team members/ volunteers, getting the seed funding and setting up the operational mode of the business including office/web/communication infrastructure. Most of the time, over 50% of initial spending will be in this bucket depending how mature the idea is.

There are various tools/templates available to help build a budget and basis for business start-up costs. One such great resource is available here: Business Start-up Cost Template

Check out their site :

– A great resource for various tools, templates, calculators,etc., in mostly MS Excel, OpenOffice formats. There are several free templates + economically priced ones if you are planning for business purpose. Check out their blog too for very insightful advice on variety of subjects.

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