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Im currently in the process of writing a business plan, and am at the part where I need to write about start-up costs. Now, I've got the usual written down, like new laptop, printer, flash drive, stationary, advertising space...etc, but I'd appreciate any thoughts about items that could easily be forgotten about. Thanks!
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Good luck with it all, Katie!
https://www.gov.uk/browse/business - might be of interest.
Dictionaries and reference books.
- Software
- Web hosting
- Business cards
- Networking costs (referral marketing meeting kind of stuff)
- Legal/Accounting help with income tax/general accounts?
- Use of home as office (£3 weekly HMRC approved)
If so, do you really need all that equipment? Presumably (as you've posted here) you have a computer already and I'm guessing you sit on something to use it.
I found one close to me, by using Twitter. They provide lots of info, advice and courses all free, until you start trading.
Get gooooogling (if you haven't already that is) :)
I'm working with the Pinetree Trust who help people with mental health problems become self-employed, and I need to write a business plan to acquire funding.
Yes, Phots Moll I do have a laptop but it has been used daily for eight years and has got to the point where it is crashing on a regular basis.
If you drive in connection with the business your car insurance is likely to cost more.
Will you have to hire a venue for workshops? Text books/equipment/supplies for your clients?
Public liability insurance.
[quote=Baggy Books]Do you need to separate out actual start up costs from costs that will be on-going overheads?[/quote] Good question - but you'll probably need enough to cover a period of running costs before you start, until you begin to make a profit.