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Creative and knowledge-intensive industries are vitally important to economic development and the City of Perth recognises the significant role that entrepreneurship and innovation plays in driving tangible economic outcomes. 

The Cost of Running A Startup (Infographic)

Posted by Amity Sims on 2013-10-29

Running a startup is not an easy task or venture. There are a lot of critical factors to consider. One of which would have to be the cost.

While most entrepreneurs would focus on the costs of running a team, hiring people and establishing processes, it is also worth noting that the location of a certain startup could also make a huge difference in the cost to run it.

These are the figures Staff.com compiled, which look at how much it would cost to run a basic startup with two web developers, a web designer and an office space in eight major cities around the world. Zurich, Sydney, New York, San Francisco, London, Paris, Mumbai, and Manila were included in the research. While this doesn't cover every major city, it gives an idea of how geographical location can make such a huge difference.

For instance, Zurich is one of the most expensive cities to run a startup. You can save 80% of costs when you decide to operate your startup in Manila instead of in Zurich. The developers in New York are paid way more than the developers in London and Paris, even though the office space is cheaper in the former than in the two latter cities.

These facts are all essential deciding factors. Check them out. Will they change your mind in considering where to run your startup?

 

       

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