Startup Funding · Startup Operations

how much do we need to start startup from base

Danny Hwang recent graduate who is very passionate about startup

May 1st, 2017

I am recent graduate with no previous earnings. I have all these ideas planning and what mvp to build and such. as I am looking for cofounders I was wondering how much I should need to startup. I know that there will be costs like such ascost to get buisness license or build mvp

Sam Fulzele Co-founder, Business developer & Management Strategist

Last updated on May 7th, 2017

I would suggest to begin with market research. It should include the following points:

1) Business Summary

2) Target Market

3) Competition & competitive advantage

4) Barriers


Once you have this, it will give you some clarity on what are the First Few Steps you need to take. It could be company registration (or license), mvp, required tools or even hiring someone.


Prioritize your list and get the current cost of each step.


Note: spend only on most important or necessary things.


GOOD LUCK!

Syed Hassan Changing the World.

May 2nd, 2017

It actullay starts with an idea of a business. What will be your business nature? Size?

Valuation will be your next step after planning.

Jenna Bordy Founder & CEO at NoMadAve Inc.

May 3rd, 2017

Danny - I think you need to look at how much it will take to build your product (if it is a product) and/or what infrastructure is needed to support your product/service and those related costs. There are a few things that are constant across all companies like legal fees (though it may vary from state to state if you are in the US) and most of the rest of it is completely variable on what you are building.

Natnael Tsegai Founder of stealth company

May 2nd, 2017

It depends on what type of company you are starting

Chizoba A.

May 2nd, 2017

What kind of ideas? Message me