An entrepreneur should not go broke starting a business. Make sure you buy only the essentials for your business. Look for deals and discounts wherever possible.  This is a list of expenses may apply to your home business

  1. Legal fees -Local business licenses and trademarks.  Do your research and find what licenses are required for your business type. Register your business name. You may also want to trademark your name. Check www.legalzoom.com for online legal services
  2. Website and Logo- If you are not a designer, hire a professional.  Your website and logo attract customers and represent your image. Check out www.diva-designz.net. The company offers a full range of web and graphic designs at reasonable prices.
  3. Advertising – Use social media in the beginning to keep costs down (Twitter, Facebook, Myspace…). Do an internet search for free online ads. Tell family and friends. Make flyers and business cards or use www.vistaprint.com. They sell a range of low-cost advertising and promotional products for business and personal use.
  4. Office supplies- Purchase the basics such as pens, computer paper, paper clips and even file folders to keep records organized.
  5. Accounting- It is imperative you keep accounting and tax information in order.  Accountants make sure your business starts out in a good financial position. Consult a professional before you launch. Check out www.yoursimplebookkeeper.com. The company provides affordable virtual bookkeeping and accounting services for small businesses.

Cash is the last key. Make sure you have money in savings for unexpected expenses. A successful business woman will have all of these in place.

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