In this day and age, the advancement of communication and the internet have opened up a large number of business opportunities for startups. You tend to hear the success stories of the startups with their break though product and then selling them for an insane amount of money to the big giants like Google, Amazon and Apple. In the backdrop of the successful startups are a lot of failed startups as well which for obvious reasons, we do not hear about. Even though there is a high rate of failure, the chance to make a life changing product as well as being able to work for yourself has made starting a startup still very tempting.
Of course there is the cost involved with putting up a startup, and the guys and Staff.com have put up an infographic displaying what it would cost in various parts of the world. The value will be about $40,000 to $50,000 in Sri Lanka which is comparatively low. However since the market in Sri Lanka is low, it is advised to target a foreign market for your product. Infographic credits to Staff.com