The world’s most expensive location based on yearly costs to run a start-up company is Zurich, Switzerland, with a combined cost of $314,640, according to an infographic by Staff.com called ‘What Does It Cost to Run a Startup?’
The infographic also takes into account the cost of hiring two web developers and one designer, and renting an office space in various cities across the world. Compared to Zurich, the yearly costs to run a start up in Sydney, Australia is $310,416, while in New York it costs ($296,592), San Francisco ($263,088), London, England ($240,708), Paris ($205,200), Mumbai ($71,184) and Manila ($45,464).
The salaries of a web designer are relatively comparable in Zurich, Sydney, New York and San Francisco at around the $80,000 mark, but drop off to around the $50,000 mark in London and Paris, then to the $10,000 mark in Mumbai and Manila.
Start-Up Cost Infographics
Europe and the United States Incur the Highest Costs to Run a Start-Up
Trend Themes
1. Rising Start-up Costs - The increasing costs to run a start-up company globally present opportunities for disruptive innovation in cost-effective business models and technologies.
2. Regional Disparities in Start-up Costs - The variation in start-up costs across different cities creates opportunities for disruptive innovation in location-independent and remote work solutions.
3. Salary Disparities in Tech Hubs - The salary disparities for web developers and designers in different cities highlight opportunities for disruptive innovation in talent acquisition and remote work arrangements.
Industry Implications
1. Technology - As start-up costs continue to rise, the technology industry can leverage disruptive innovation to develop cost-efficient solutions and tools for entrepreneurs.
2. Remote Work - The regional disparities in start-up costs open up opportunities for disruptive innovation in the remote work industry, creating platforms and services for location-independent entrepreneurship.
3. Human Resources - The salary disparities in tech hubs create opportunities for disruptive innovation in the human resources industry, such as talent acquisition platforms and solutions for remote team management.