Planning to start your own technology startup? That’s great, but do you know how much it will cost to hire the talent that would make take your idea from concept all the way to a market-ready product?
And even if you do, did you know that where you’re based also matters when it comes to doing up the numbers? It’s true – it’s cheaper to start a company in some countries compared to others. For example, it can cost almost seven times more if you base your startup in Zurich – when it comes to pay packages and office rentals – as compared to setting up shop in Manila.
While it’s true that cost is only one of the factors when it comes to choosing where to base your startup, it can be a big consideration. This infographic from Staff.com shows the great disparities in the costs of starting up – getting an office and hiring two web developers and one designer – across Zurich, Sydney, New York, San Francisco, London, Paris, Mumbai and Manila: