I think the main key in how much it costs to get started in your business can be something that can be confusing and it very much depends on the business and the person starting it, and also to some extent what exactly you want from your business.
Now, to expand on what i have previously mentioned above, while it only cost say roughtly $200-$300 for me to actually get started, this is based on what i physically paid out at the time i decided to start my business. What this does not really account for is the things that i already owned or improvised until i had the money and the want to spend it for that purpose.
Before i started my business i had spent $3500 on a laptop, over $1000 on a desktop computer, i owned a printer which cost me $100 or so. I had paper, and ink and pens and envelopes, and all that sort of thing because i had a need for it other then business. This is not to say that i needed it to start a business but they are all things that when you have a business you start using. Later on down the track i spent $2000 on a colour laser printer, which if i had the money at the start i would have purchased up front when i started the business.
So you could say that it really cost me $5,000-$10,000 to start my business, however the costs were not really directly related to doing so. While it is good to look at things and i love to be able to say that i started on just a few hundred, yet in the 6 years i have been in business turned over $600K or more, it is primarily based on the perception of the experience. I am not trying to discount the fact that people see they can start business for little more just create an extra bit of discussion, on your thoughts on this point.
|