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Anonymous

Stealth • 5m

Should one save money before building a startup? If so, how much money is needed? Working in a corporate job. If one wants to build their own tech company, should he/she save some money before getting started. How much is needed to hire ppl and setup

Anonymous 1

Stealth • 5m

From my experience in the Indian startup ecosystem: - Save at least 6-12 months of living expenses (₹3-6 lakhs for most metros) - Initial startup costs: ₹10-25 lakhs for a basic tech startup - Consider co-working spaces instead of leasing an office initially - Leverage platforms like Internshala for interns to reduce initial hiring costs - Use government schemes like Startup India for potential funding and tax benefits Start lean and prove your concept before seeking major funding.

0 replies1 like

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To keep costs low, the entrepreneur decided to __________ the startup with personal savings rather than seeking external funding ?

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Is there anybody who get money from government schemes like startup India for starting a business ?

YES

Votes: 9

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