Startup cost: $500 - $3k

Setup costs range from $500 to $3,000 for starting an AI Security Risk Assessment consultancy. At the minimum end, you would need to invest in essential tools like a computer with robust security software, a reliable internet connection, and basic office supplies. On the higher end, investing in specialized software for risk assessment, professional website development, marketing services, and industry certifications can enhance your credibility and reach. Optional expenses may include attending industry conferences or networking events to expand your client base. Hidden costs could arise from software subscription renewals, domain hosting fees, or ongoing training to stay updated in the field. Online discussions suggest that while starting costs can be kept low initially, they may increase as you commit to growing your consultancy. For a friend looking to take this seriously, budgeting between $500 and $3,000 would be a prudent range to cover essential setup expenses and set a solid foundation for the business.