The official Kodak C-41 processing steps are:
- Developer
- Bleach
- Rinse
- Fix
- Wash
- Stabilizer or final rinse
This is a total of four chemicals plus water, which is the same as a typical B&W workflow (developer/stop bath/fixer/wetting agent, with a wash between the fixer and wetting agent). The color process does have that extra rinse, though. Some other manufacturers produce C-41-compatible chemistry that combines the bleach and fix (along with the intervening wash) steps into a single blix step, and/or that omit the stabilizer/final rinse.
Overall, color isn't really harder than B&W in terms of the number of steps. The main tricky thing is that C-41 works at 100 degrees F, vs. the 68 or 75 degrees F that's typically used for B&W. This means you'll probably need to use a water bath or some other method to raise the temperature of the chemistry (particularly the developer) and keep it stable while it's doing its work. This is a bit of a nuisance, but isn't too bad, in my experience.
As to cost, I haven't done a full cost comparison, but my impression is that color is more expensive than B&W. Assuming you use enough chemistry that you don't throw away large quantities of it, it should be less expensive than a develop-only job at most minilabs -- but if you factor in your own time, that may not be true. You'll have to balance all this against quality and processing time issues, which will vary depending on where you'd get your film processed and your own ability to get temperature and timing down consistently. Remember to factor in the film scratches that you get for free from most minilabs.
