I am a little struggling with the cost and preparation of a start-up budget.
1. Would you please give me some insight on how to design LCCA for a startup?
2. Where should I start my LCCA?
Great question Mohammad Nasfikur Rahman Khan A startup will also go through the conventional life cycle of any business - incorporation, growth, stability and decline. However, before the launch, a startup can have a long period of experimentation and product/ service testing which involves considerable cost and effort. Usually, these costs are not tracked and accounted for as there is no registered legal entity ( company) at this point. But your budgeting exercise must start from this phase and these expenses can be included as R&D expenses, provided they are tracked and accounted for. The rest will depend on your GTM strategy and expansion plans. Hope this helps.
Thank you Sridhar Chakravarthi Mulakaluri for your clear reply. I will obviously follow it and if needed I will bother you. Hope you will not mind.
Mohammad Nasfikur Rahman Khan thanks for your feedback. Please feel free to continue the discussion.
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