Find attached your start-up cost assignment, designed to enhance your research skills and provide insight into the expenses associated with launching your business. Here is a step-by-step guide to help you complete the assignment:
Step 1: Develop a unique business idea, determine the name of your business, and specify the industry it belongs to.
Step 2: Utilize the provided template to estimate (guess) both fixed and monthly costs for your business.
Step 3: Conduct thorough research to find the actual cost for each item in lines 24-83. Make sure to cite your sources in the third tab labeled “sources” accurately, ensuring they direct to the specific expense, not just a general website.
Step 4: Compile the total costs and determine the funding required. The sheet will automatically calculate your total cost by adding your monthly cost to your fixed cost.
Step 5: Utilize the gathered information to complete the funding section or the first section accordingly. If certain expenses do not apply to your business, you may skip them. However, please note that skipping more than ten items will result in a loss of credit. Remember, this assignment requires proper citation of your sources. Focus on applying your bootstrapping knowledge and maintaining simplicity. Ensure that your funding aligns with your costs. Finally, itemize each line in the third tab labeled “sources,” including a title and mentioning the industry of your business.