Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Business Start-up is an exciting yet scary idea, but with proper planning you can be successful

By Tommy Jackson Subscribe to RSS | July 4th 2012 | Views:
loading
 
  



Becoming your own boss is scary as well as a very interesting situation. The process of planning and building your own business start-up includes funding, business plans, maxed-out credit cards and numerous meetings with your accountant. This can get tedious and make you dump your plans and leave this field.

However, in today’s age starting your own business is not a very costly task. You don’t have to bring out a huge chunk of finances or put a huge debt on yourself to make sure your idea get some wings. You just need to plan extensively and have realistic expectation to make sure your idea turn into a success.

The main aim is to start out slowly instead of pacing your way into the business world. Therefore, instead of quitting your job and immersing yourself completely into the business start-up funding and putting all your time in your new venture, start it by making it a part time job along with your day job. While cutting down your venture to part time hours you’ll have to make sure that you’ve sufficient regular income to support you in the initial stages. And after that, the next stage will be to investigate how much it’ll cost you to get it started.

According to your business idea, basic start-up expenditure includes licenses, registration costs, banking fees, stationary, office expenses, accountants’ fees, insurance, legal consultation etc. However, if you start small then you can end up saving few hundred dollars.

Moreover, it doesn’t matter if you’ve set up correct accounting procedure or not until and unless you’ve started making the money, however, once you do please put up one. Or else in the start, you can create simple spreadsheet document to monitor your expenditures and income. After that, you can use your first month’s profit to pay for a professional accountant. Moreover, if you’re trading online then make sure to direct your customer over paypal to pay the costs. Even though you’ll have to pay a percentage of fees to paypal but it’ll still be not as costly as owning a business bank account.

Moreover, in many businesses, you’ll have to consider a virtual business expense and also small business startup loans. Besides, if you want a website for your startup, then it will cost you anywhere between couple of hundred dollars to thousand dollars plus you’ll have to pay for registration of your domain as well as web hosting charges.

However, if at you don’t have the money to fund the website expenditure then you can start with the blogs which are free of cost. In addition, you can also hook up Google AdSense with your blog once you blog traffic increases, and then can earn money through advertisements.

Moreover, now that people are going for more and more ecommerce option, it is important that you create an honest and reliable online presence. This is because you will have to try to persuade total strangers that they make purchase from you and for that they’ll have to trust you completely. Therefore, by following these guidelines you can begin with your business start-up and slowly as well as steadily can improve it with time.

Tommy Jackson - About Author:
Prasanth is an author for Specialised Business Solutions(Sbs.net.au) site, Best accounting firm based in Brisbane. He has been writing articles on Business start up Brisbane and Tax Accountant Brisbane for accounting firm.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/business-start-up-is-an-exciting-yet-scary-idea-but-with-proper-planning-you-can-be-successful.htm

Related Insurance Articles Subscribe to RSS

Benefits of getting insured while setting business in Dubai
Published by Andy Robert on November 30th 2011 | Insurance
This is the best approach to over come losses made by the employees in the organization. Insurance b...
 
Decreases the chances of your business crippling down with the help of Risk Management
Published by Tommy Jackson on August 23rd 2012 | Insurance
As an owner of a business organization and the CEO of a company, the regulation of risk is more will...
 
Property Accountant Brisbane: Hire accountants with superior knowledge and experience to stabilize your business
Published by Tommy Jackson on June 26th 2012 | Insurance
It does not matter which business you belong to, but you have to give ample amount to the financial ...
 
Make business simplified with Bookkeeping Services
Published by Nelson on April 25th 2012 | Finance
Complete End to End Business Solution offering various services such as Incorporation, Bookkeeping, ...
 
How to get a small or new business grant
Published by Church Henry on June 16th 2012 | Finance
Special grants are given by the authorities for starting up new and small businesses that most peopl...
 
If you accept Visa and MasterCard you can get Bad credit small business loans
Published by Joseph Richard on April 4th 2012 | Finance
Despite it being a popular means of finance, there are several business operators who are unsure of ...
 
Bookkeeping performs an extremely important role in every business
Published by Nelson on February 29th 2012 | Finance
Complete End to End Business Solution offering various services such as Incorporation, Bookkeeping, ...
 
Pros of inexpensive business interruption insurance plan
Published by Andrew Edwards on April 17th 2012 | Insurance
You are making decision on business coverage ideally suits requirements of kind of business we are i...
 
Why a business advance has more advantages
Published by Mathias Scott on April 2nd 2012 | Finance
For those people running small businesses in the current economy, they all know the trouble associat...
 
Unsecured business loans your funding option for urgent business funding
Published by Macrobusinesscapital@gmail.com on December 21st 2011 | Finance
There are certainly such times with business people, no matter whatever kind business they are deali...
 
Tips for applying start up business funding
Published by Macrobusinesscapital@gmail.com on November 25th 2011 | Finance
For all business owners how to borrow more effectively is quite a lesson to understand business borr...
 
Blake cab offer some of the most reliable debt collection agency results of any business of its kind in the UK
Published by Mary Porter on July 12th 2012 | Finance
If you have incurred lost monies then here at Blake debt collection industry we have the experience ...
 
Selling a business – Important steps
Published by Herry Smith on March 20th 2012 | Insurance
Selling a business provide you the personal satisfaction that your will continue after you. By selli...
 
Business Accounting is a must for your business to succeed
Published by Tommy Jackson on July 17th 2012 | Insurance
Once you start with your own business firm or a company, you need to devote your time in various are...
 
Set up new strategies for your business with Bookkeeping
Published by Nelson on March 14th 2012 | Finance
Complete End to End Business Solution offering various services such as Incorporation, Bookkeeping, ...
 
Assess your business insurance plan for better returns
Published by Andrew Edwards on February 21st 2012 | Insurance
While running business enterprise we have to look in plans which are suitable and make everything or...
 
Property Tax Accountant Brisbane will ensure your business last the competitive race
Published by Tommy Jackson on June 13th 2012 | Insurance
These days the business environment around the world is competitive, and therefore, one needs to mak...
 
Taxation solutions will ensure a consistent progress of your business
Published by Tommy Jackson on August 23rd 2012 | Insurance
Since the business environment today is eventually gathering some pace, therefore, to survive in thi...
 
Find out why product liability insurance is necessary for your business
Published by Andrew Edwards on January 17th 2012 | Insurance
Before leaving it aside think on the complex situations faced by company...
 
Apply for small business grants
Published by Macrobusinesscapital@gmail.com on March 8th 2012 | Finance
Small businesses and entrepreneurs have a large contribution in national economy. They are one of ma...