As an entrepreneur, there are loads of Apps you can download on your smartphones and tablets these days to get the work done for you very easily. In fact, some of these Apps will offer you solutions that you may have had to pay for before now.
My App pick for the week is a powerful tool that can assist you in planning the cost of your current or new business venture. As a start up, one of the things you may need to consider is to prepare a budget for your new venture. Most times, this becomes a difficult task because of your lack of financial knowledge. But no to worry, there are tools that can guide you through a step by step process on how to handle such issues. For me, the App am considering to get the work done for you is:
THE STARTUP BUSINESS PARTNER
A summary of features and capabilities is described below.
Startup Business planner application
enable you to prepare the cost estimation for new business or start-up venture.
Use it to get the information on the processes required for company
registration and cost associated with each process. You can get the clear idea
on the required capitals and assets to setup the business. It considers almost
all the process steps needed to start with new start-up and the costs
associated with each step and process. This helps you to get the information on
financial costs at each stage.
All major processes are covered like
registrations fees, set up costs, legal and account fees and running costs
which may include the vehicles and equipment lease costs and running cost,
installation, accounting and legal professionals fees, advertising and
promotions, staff salaries, employee health insurance, ongoing office rent,
bank and lender fees.
User can use it for the approximated
quotation for any kind of industry (Manufacture, Auto mobile, IT, Retail or any
startup project which may or may not be require manpower, equipments and office
space). You can set the time required in months for the business to generate
first revenue after all expenses. Considering these entire factors it provide
you the approx money needed to build the new business. The detailed report with
all inputs can be downloaded any time in CSV format for reference. You can
create and download the unique estimations and start with new plan through the
reset option.
Key functions and features
- Step by Step cost calculation for the set-up and installation, legal and accounting fees.
- Consider the time needed to make the start up profitable.
- Helps you to identify and missing categories and costs which can cost you a lot in future.
- Identify the major costs with interactive visualization.
- Optimized for tablet and higher resolution devices.
- Displays currencies as per the device locale.
- Gives the summary along with amount required on start up
- Graphical view with summary and details to get better insight.
- Interactive and easy to use sliders to adjust values and displays the results in easy to visualize charts.
- Allow to choose and easily switching the values using slider controls.
- Rate and share options.
- Compact and easy to use design.
- Organized lists for cost models at various stages.
- Covers almost all the generic costs required to establish a business.
- Download options for detailed business plan costs.
- Reset option to restart from scratch to create unique plans.
- Step by step costs and timeliness from planning to starting your business to first revenue.
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