Start-up costs

Start-up costs refer to the initial expenses to be incurred in setting up a new project, business or activity. These costs include various aspects, such as research costs to assess feasibility, development costs to create needed products or services, costs to set up physical spaces and purchase equipment, expenses for staff recruitment and training, costs for marketing and branding, administrative expenses, as well as costs for permits and licenses. Start-up costs are an integral part of financial planning and must be carefully managed to ensure a successful launch of the project or business.

Start-up costs: Necessary investments when starting a business.

In essence, start-up costs represent the initial investments a business or project needs to get off the ground. They lay the foundation for future operations, and it is critical to carefully budget and manage these costs to ensure that the project begins on a solid financial footing.