ENTREPRENEURSHIP / OCT. 16, 2014
version 3, draft 3

The Costs of Running a Startup – Infographic


Running a startup does not only take having the willpower, perseverance and passion to make your business a success. Besides, having a smart, driven and innovative team members, able to develop and refine new ideas, you should also consider the costs related to running a startup.  According to Fortune.com, running out of cash is the second top reason for startup failure. So what does it cost to run a startup? To answer this question, Staff.com created an infographic which illustrates startup costs in various cities around the world. The costs represent a yearly estimate of a startup’s operational costs including renting an office and hiring 2 web developers and 1 designer.

City

Web developer yearly salary

Web designer yearly salary

Getting an Office

Yearly cost

Zurich

$99,120

$80,400

$36,000

$314,640

Sydney

$91,200

$80,400

$47,616

$310,416

New York

$87,000

$76,992

$45,600

$296,592

San Fransisco

$81,000

$79,008

$22,080

$263,088

 

London

$64,200

$48,324

$63,984

$240,708

Paris

$56,400

$54,000

$38,400

$205,200

Mumbai

$14,800

$12,400

$29,184

$71,184

Manila

$12,500

$10,800

$9,984

$45,464

Apparently, the Asian capitals of Manilla and Mumbai make the cheapest places to run a startup, with annual costs significantly below $100,000. On the contrary, setting up a startup in Zurich, Switzerland would cost you roughly seven times as much as it would cost you in Manila.

Thinking of setting up a business in another country? Check out this infographic and get a full comparative picture of the annual costs involved in running a startup across different cities around the world. 

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