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Budget planning to start an online business

Hi all,

Here comes a time that every person on Rodinhood aspires for. I am starting on my own and need a small advice to begin with.

  1. I am planning to launch my own website and need to make a budget plan. It will be great if you all can tell what all the fixed and variable expense that need to be kept in mind and accordingly plan for the money. For example various heads like website development expense, payment gateway expense, social marketing expense and so on. I might have missed a lot more heads but it will be great if you can highlight
  2. Secondly to begin with what is the better platform to build a website? Is it through SASS that is shopify or getting it built from scratch through professionals? I am from non technical background and need experienced people advice.
  • Kindly note I will be operating out of home at least for 6 months.
  • Even if the business does well, I am sure I can manage with minimum manpower.
  • Product based concept that involves selling directly to customers.

Objective here is to plan for money for next 1 year. I am sure there are lot of experienced entrepreneurs here who can help.

Regards

Aditya

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