Patent ID: 8170933

Claim:
A system for providing a customized start-up budget for a new business comprising: one or more computing processors; and one or more memories coupled to the one or more computing processors, the one or more memories having stored therein computing processor executable instructions which when executed by the one or more computing processors, perform a process comprising: obtaining actual business start-up data associated with one or more actual businesses from one or more financial management systems associated with the one or more actual businesses; aggregating and processing the actual business start-up data associated with one or more actual businesses to identify business profile parameters associated with the one or more actual businesses using one or more processors associated with one or more computing systems; storing the aggregated and processed actual business start-up data associated with one or more actual businesses in a business start-up data database; obtaining data indicating one or more new business profile parameters associated with a proposed business from a user via user input into a business profile parameter entry user interface using a user interface device associated with a user computing system; searching the aggregated and processed actual business start-up data associated with one or more actual businesses in the business start-up data database using the one or more new business profile parameters to identify one or more businesses similar to the proposed business using one or more processors associated with one or more computing systems; identifying one or more businesses similar to the proposed business; obtaining actual business start-up data associated with the identified one or more businesses similar to the proposed business from the business start-up data database; processing the obtained actual business start-up data associated with the identified one or more businesses similar to the proposed business from the business start-up data database to identify one or more business start-up budget categories associated with starting up the proposed business using one or more processors associated with one or more computing systems; processing the obtained actual business start-up data associated with the identified one or more businesses similar to the proposed business from the business start-up data database to calculate an estimated budget amount for the identified one or more business start-up budget categories associated with starting up the proposed business using one or more processors associated with one or more computing systems; and providing the user with a customized start-up budget for the proposed new business that includes a listing of at least some of the identified business start-up budget categories and the estimated budget amount for the at least some of the identified one or more business start-up budget categories associated with starting up the proposed business.