Words:
Carnival Row Tech Consulting Limited is a technology and consulting company that is created and managed by an entrepreneur who has experienced in the same field. The whole ownership of the company is bear by Mr John that is an entrepreneur and have a similar type of consulting businesses. MR. John is an MBA from the Massachusetts Institute of Technology (MIT). He has experience of more than five years in the field of consultation and technology management. Moreover, he also owns one tech firm in Silicon Valley.
The total start-up expenses will be $22000, which includes legal fees, marketing expenses, lease payments, insurance, trademark, registration fees, stationery, software development charges, internet expenses and other miscellaneous expenses. Additionally, the total start-up assets cost will be $78000, which includes furniture and fittings, computer and appliances, equipment, light fitting and air conditioning. The company will acquire funding from external sources like debt and equity. The details are reflected in the below-mentioned table. Table: Start-up cost