What Steps are required in Budgeting for Start ups?

Every business will have different sets of costs depending on their industry, but generally, these six categories are a good place to start if you’re in the early stages of planning:

1. Administrative

2. Technology considerations

3. Professional fees

4. Marketing and/or sales

5. Wages/benefits

6. Cost of sales

in initail phase it might be necessary to inject finance into business and incurrs expesnes, so a cost saving strategy might not beneficail at the start.