Hey, I'm glad I ran into this site because a friend and I are trying to start-up a business ourselves and I could sure use some help on researching and finding numbers.
We have some novel ideas for social networking sites and I'm at the point in the business plan where I need to start thinking up numbers for start-up costs, however, I don't really know the first place to go for that.
I know we'll need money to apply for the legal fees, copyrights, etc, but don't really know how much that kind of thing costs: Company logo, on and on. My guesstimate is around 20k for all of that. Then we'd have to worry about server fees, office set-up, etc and that could be anywhere from 20k to 100k depending on where we set up shop, etc.
I guess I just want a helpful guide on where to pull these kinds of numbers from as well as cash flows, etc from other social networks.
In school I'd always use their cash-flows (that of another business close to mine) to get an estimate of the cost we might incur while writing a business plan, however, these types of companies rarely, if ever release their statements so I haven't been able to find anything on them with my google searching.
I appreciate any help all of you can give me and await your replies, thank you.