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In this training toolbox video, viewers learn how to calculate startup costs for a small business, which is essential for securing funding, attracting investors, and estimating profitability. The tutorial outlines five key steps: 1) Calculate startup costs before launching; 2) Identify startup expenses; 3) Estimate the costs of these expenses; 4) Total the expenses for a complete financial overview; 5) Use the calculations to obtain startup funding. Understanding these costs is crucial for successful business preparation and helps in estimating profits, conducting breakeven analyses, obtaining loans, attracting investors, and potentially saving on taxes.