Costs for your start-up business

Start building a spreadsheet to estimate your costs for your business. They will fall into these three broad categories:

1. FIXED COSTS: Items you have to pay for every month: Rent, Utilities, Insurance, Full-time Employees, Insurance etc.
2. VARIABLE COSTS: Items that vary with your volume of sales: Hot Dogs, Buns, Mustard, etc.
3. START-UP COSTS: Items you need to buy only once (aka one-time costs): Hot dog truck, Cooking utensils, Pots, etc..