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

Budgeting is the best way to stabilize your business in a long run
Published by Tommy Jackson on July 4th 2012 | Insurance
For the business owners and CEOs, the budgeting is one of the most important facet of their business...
 
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...
 
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 ...
 
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...
 
Proposed audit legislation: Good for business or political posturing?
Published by Becky on March 14th 2012 | Finance
219 businesses across the UK responded to a recent survey with their thoughts on audits, reporting a...
 
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, ...
 
Maintain data of your business with beneficial Bookkeeping
Published by Nelson on March 19th 2012 | Finance
Complete End to End Business Solution offering various services such as Incorporation, Bookkeeping, ...
 
Basic need of business insurance rates for comparison
Published by Andrew Edwards on January 11th 2012 | Insurance
If you are planning to buy insurance for business, then at first look at the different business insu...
 
Obtain the exact type of coverage through business insurance plan
Published by Andrew Edwards on April 14th 2012 | Insurance
As a business owner it is your responsibility to look into the plans suitable for your company...
 
Hire Brisbane Accountants for the success of business
Published by Tommy Jackson on June 26th 2012 | Insurance
Running business firms and start-ups is not an easy task, you will have to involve yourself in the e...
 
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...
 
Small business loans for women business owners
Published by Merchant Cash on March 29th 2012 | Finance
Gone are the days when business was thought to be the exclusive domain of men, and women were consid...
 
Locating Added Capital for the Small business
Published by Timothy Powell on June 15th 2012 | Finance
At times, 1 of the most hard tasks faced by business owners is acquiring sufficient capital to opera...
 
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...
 
What you need to know about business financing?
Published by Matthew Anthony on February 23rd 2012 | Finance
To get finance for your new business can give you a tough time. But business financing Las Vegas fa...
 
Look at us and buy affordable business insurance
Published by Andrew Edwards on March 14th 2012 | Insurance
While making choices in for business insurance you should not avoid us...
 
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...
 
Consider outsourcing your debt settlement business
Published by John Taylor on December 5th 2011 | Finance
If your business involves debt resolution services, the business may quickly spin out of control due...
 
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...
 
Get easy finance for your new business venture
Published by Macrobusinesscapital@gmail.com on January 21st 2012 | Finance
Do you want to start your own business, which requires funds but don't have idea on how to arrange t...