Step 2: Know Your Start-up Costs
Founder’s Club > The Blueprint > Know Your Start-up Costs
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Start-Up Costs
Before your business opens its doors, you’ll have bills to pay and other expenses to take care of. Having a good idea of how much you’ll need to set up your business will help you manage your finances better. Use our Start-Up Costs template to identify the usual expenses you may incur when starting a business.
How to use
1. Identify your start-up category
Your start-up expense will depend on your business type and can fall into any of these three categories: brick-and-mortar businesses, online businesses, and service providers.
2. Make a list of expenses and estimated costs
List your expenses and estimate how much they’ll cost. Search online, talk to mentors, or get quotes from vendors and service providers to get indicative rates of possible expenses you will need to spend on for your business.
3. Add it all up to get a complete financial picture
Once you’ve identified your business expenses, organize these into one-time and monthly costs. Add them up to get a good view of how much capital you’ll need and when you’ll need it. If you need help to build your start-up fund, check our recommended solutions below and see which one works best based on your financial situation.
Download our Start-up Cost Template
Editable FileBuilding your dream fund
No matter how far you are from realizing that dream, building funds will always be a crucial element to your launch. Your advantage is you have time to set it up.
Park your allocated cash for a fixed period to earn higher interest rates.
Peso Time Deposit
A term deposit that earns high interest within a timeframe. Know exactly how much dream fund you’ll have at maturity.
Deposit your saved-up funds and access them anytime you’re ready.
Premium Build-up Savings
A high-interest savings account with no lock-in period that lets you grow your funds while you refine that dream.
Build your dream fund within a set time frame and a target that you define.
Secure Goals Plus
A layaway deposit product that helps you set aside a fixed amount per month to fund and achieve that dream goal.