Step 6: Costs Structure:
This part describes the most important costs that you will incur to start and to run the business. Costs vary a lot from business to business. It is very important that you try to think of all the costs that you can incur including emergency costs that can crop up along the way.
Questions to be asked:
- What are the costs to start the business?
- What are the costs to make the product or service?
- What are the running costs?
- Write down all the physical, intellectual, human and financial resources you will need.
- When do you plan to start doing profit?
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