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How Much is Enough?

When you start your biz you need to have some money put aside to get things going. Usually you need enough cash to cover your start up costs plus expenses for three months at least, because it may be awhile before you can expect to make a profit. You might have to go to the bank for a loan or ask family members to help out. But, first you have to know how much is enough to get you started.

You don't have to guess how much you need. This tool will help you figure out your startup costs. We've put together a spreadsheet with numbers filled in as examples to help you plan and also space for you to add your own numbers. If you have a question about any of the categories roll your mouse over the category heading to learn more. When you are ready to fill in your own numbers download the spreadsheet.

Below is a model of the spreadsheet that you can rollover areas to learn about. When you are ready to get started click to download the real spreadsheet.

One more thing, the startup costs let you know how much money you are going to need just to get things going. These don't include the money you need month to month once the biz is up and running. That's what you'll figure out next with our Cash Now, Cash Later tool.