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In this 5-minute tutorial, Jennifer Croft explains how to calculate startup costs. She recommends starting with a comprehensive list of necessary items, which can be facilitated by downloading a free "startup cost" worksheet from the website. After compiling the list, it's important to seek two to three bids for each item to ensure the best price. Once costs are totaled, Croft suggests attempting to reduce the overall expenses by trimming at least 25%. This approach can help in effectively managing your startup budget while ensuring you meet your essential requirements.
