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Update cost.md
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Signed-off-by: Prajwal Koirala <[email protected]>
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Prajwal-Koirala committed Oct 2, 2023
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1. **Labor Costs:**

- Assuming two drone pilots working for 8 hours each at $30 per hour:
- Total Labor Cost for Two Pilots for One Day: 2 pilots _ 8 hours _ $30/hour = $480
- Total Labor Cost for Two Pilots for One Day: 2 pilots * 8 hours * $30/hour = $480

2. **Drone Costs:**

- Assuming each drone costs $5,000, and you have two drones:
- Total Drone Cost: 2 drones \* $5,000 = $10,000
- Total Drone Cost: 2 drones * $5,000 = $10,000

3. **Maintenance and Repairs:**

- Budgeting 10% of the drone cost for maintenance and repairs:
- Maintenance and Repairs: 10% of $10,000 = $1000 per year
- Maintenance and Repairs: 10% of $10,000 = $1,000 per year

4. **Software and App Development:**

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7. **Miscellaneous Costs:**
- Miscellaneous costs like office space, marketing, and legal fees can vary greatly. Let's assume an additional $1,000 for one day.

Adding up these estimated costs for one day:
Adding up these corrected estimated costs for one day:

- Labor: $480
- Drones: $10,000
- Maintenance and Repairs: $500/365 (daily estimate) = $1.37
- Maintenance and Repairs: $1,000/365 (daily estimate) = $2.74
- Software and App Development: $20,000/365 (daily estimate) = $54.79
- Data Storage and Processing: $16.67
- Insurance: $27.40
- Miscellaneous Costs: $1,000

Total Estimated Cost: $10,580.23
Total Estimated Cost: $10,581.60

Total Estimated Daily Cost: $1000.00
Total Estimated Daily Cost: $1,139.60

Please keep in mind that these are rough estimates, and the actual costs can vary based on location, specific drone models, insurance rates, and other factors. It's crucial to conduct a detailed financial analysis and consult with experts in the field for a more accurate cost breakdown tailored to your specific business plan.
Again, please keep in mind that these are rough estimates, and actual costs can vary based on various factors. It's essential to conduct a detailed financial analysis tailored to your specific business plan and consult with experts in the field for a more accurate cost breakdown.

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