If you are a motivated entrepreneur with a business plan that you believe is ready to take off like a rocket, you’ll likely have to dig deep into your pockets to cover the numerous business expenses that you’ll be responsible for throughout the startup process. The good news is that you may also be able to write off many of these expenses as a tax deduction to hang on to more … [Read more...] about A Lowdown on Deducting Small Business Startup Costs
Starting a small business or home business without startup loans is not only possible - but extremely smart. I mean, why would anyone want to incur major debt from a mountain of BIG bank loans if they didn't need to -- or rack up high interest credit card debt as a means of cash flow management. There is a better way - and it's called Bootstrapping. Let's take a look … [Read more...] about How to Start a Business Without Big Startup Loans
You know that you have a great business idea. You studied the market and you find that a strong demand exists for your product. You even did the whole exercise of business planning, and the results reaffirmed your belief that this business has a very strong potential. All signs tell you that you can make it big with this business. Lack of funds is the most common cause for … [Read more...] about How to Start a Business When Resources are Not Enough
The first time you go through the costs to start up your new business, you do not need to be particularly precise. You can just "ball park" the amount to get a rough idea of your expected start-up costs. As you refine your business idea and shop around for the various items you need to make it happen, you will be continually narrowing down your estimates, and eventually you'll … [Read more...] about Common Start-Up Expenses of Small Businesses
Every new business needs some money to start operating. Yours is no exception. Before venturing into self-employment, you need to conduct adequate investigation to ensure that your proposed business stands a chance to succeed. You need to know how much it will cost you to run your business and how much money you are likely to make. Remember your reason for pursuing a … [Read more...] about How Much Money Do You Need to Start Your Small Business?