Week 11 Creative Founder

Cost

What We Did:

Our team calculated our cost of each member of the month, such as each team member’s food, transportation, and so on. Also we add the business fees such as the money for customized domain of Launchrock, Google Ads, Facebook Ads. We estimated the revenue and profit based on the cost.

What did we learn?

The cost of a startup is very high, no matter if it is successful so far.

What are next steps?

We have to keep on calculating for next months cost, so we can compare them and see the trends, and the burn rate.