What's the one thing startup success stories often leave out? Exactly how much they cost to get going.
Aspiring entrepreneurs love to follow stories on the latest million-dollar startup idea that skyrocketed to success. The tale of how the company came out of nowhere and now has interested investors lined up around the block gives them hope that one day they can reach that same level.
However, there's one thing those stories often leave out: how much startups cost to get going. There's no mention of how the entrepreneur budgeted his money or the price he had to pay to make his dream a reality. And because of that, many inexperienced founders are unprepared for the financial aspects of running a company. I think that does a disservice to all innovators.
So let's talk about it. What does it really cost to launch a startup?
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