Actions

  Print Article
  BookMark Article

Categories    Category List

  Advice
  Aging
Arts
  Arts And Crafts
  Ask An Expert
  Automotive
  Banking
  Break-up
  Budgeting
Business
  Business Management
  Cancer Survival
  Career
Cars And Trucks
  Casinos
  Causes And Organizations
  Cell Phones
  Cheating
  College And University
Computers
  Computers And Technology
Cooking
Crafts & Hobbies
  Culture
Culture And Society
Current Affairs
  Dating And Relationships
  Death
Disease & Illness
  Domain Names
  Drop Shipping
  E-Commerce
  Electronics
Entertainment
  Environment
  Etiquette
  Ezines And Newsletters
  Family Concerns
Fashion
  Fiction
Finance
  Finances
  Financial Planning
  Food And Drinks
  Forums
  Gadgets And Gizmos
  Gambling
Gardening
Health & Fitness
Home
Home & Family
  Home Business
  Home Improvement
  Home Management
  Human Resources
  Import Export
  Infants And Toddlers
  Innovation
  Inspirational
  Insurance
  Intellectual Property
Internet
Internet Business
  Jobs
  K-12
  Medical Business
  Medicines And Remedies
Men Only
  Motivational
Motorcycles
  Nature
  Opinions
Our Pets
  Personal Development
  Pets And Animals
  Podcasting
  Pregnancy And Family Pla
  Presentation
Product Reviews
  Quotes
  Recreation
Recreation & Sports
  Recreation And Leisure
Reference & Education
Relationship
  Religion And Spiritualit
  Screenplay
  Search Engines
  Self Help
Self Improvement
  Selling
  Shopping
  Short Stories
  Society
  Speaking
  Sports
  Structured Settlements
  Supplements And Vitamins
  Team Building
  Technology
  Telecommuting
  Telesales
  Television
  Tools & Resources
  Travel
Travel & Leisure
  Video
  Web Development
Weddings
  Wellness, Fitness And Di
  Womens Interest
  Work Life Balance
  World Affairs
Writing & Speaking

Online Now    Online Now

Guests Online (105)

Baiduspider (31)

Googlebot/2.1 (3)

Baiduspider (1)

Yandex (Russia) (1)

SoGou (China) (1)

Author Login    Author Login

Welcome Guest! Please login or create an account.

Username:

Password:



If you do not have an account yet, you can register ( Here ), or you may retrieve a lost user/pass ( Here ).

Navigation    Navigation

   10 newest articles RSS

Author Highlights    Featured Author

Johnny Kampis
London

View My Bio & Articles


Ryan Parnham
VIC

View My Bio & Articles


KV70 Chaudhary70
will clayton

View My Bio & Articles


DisclosureDisclosure

You should assume that the owner of this website is an affiliate for the provider of goods/services mentioned on this website. Sometimes the owner may get paid a commission if you purchase the product when following a link.

Minimize Start Up Business Costs, Cutting Expenses And Need For Grant Funding

Author : Leon Edward

Submitted : 2008-10-13 00:00:00    Word Count : 574    Popularity:   21

Tags:   business grant, grant funding, start up business

Author RSS Feed   Author RSS Feed

So say that, after analyzing the market, you come to the conclusion that your idea will be a surefire success. But perhaps one factor that is standing in your way is high start-up costs.

Start-up costs include things like paying for a place to work out of, buying all the initial equipment, furniture, and tools necessary for the business to operate, possibly legal fees and consultation fees, licensing fees, communication fees for telephone and Internet services, taxes, buying raw materials if you plan to manufacture a product, and marketing your new business venture.

When you start adding it all up, it can become a little daunting. At this point you might need to ask yourself if there is some way that you can maintain the quality of your potential service or product, yet cut some of the initial costs to start. This is when creativity will come into play.

Anyone who is rich can throw money at a problem, but if you have a lack of funds, this will be the impetus you will need to get creative and find other solutions.

Not to mention that people pay big money for creative ideas that lead to solutions to problems - that can be a business in and of itself, if you have a talent for it!

All viable businesses provide a solution to a client or customers problems. So, by thinking along these lines from the start, you will be helping yourself greatly in the process.

One way to cut costs is to start small. Can you work out of a room in your home, or a garage? You can avoid renting an office or workspace for a while until you start making money, which can help lower initial costs. You might not ever need a brick and mortar office if you start an online business or store.

Get creative and consider as many possibilities and options as you can so your business idea will work.

Another method you can try is to figure out a way to do the work by yourself in the beginning. This is not a bad way to start, because you will want to know every aspect of how your business runs, so you will want to work every job yourself to see where all the strengths are, and where you can improve on any weak areas.

This can also give you vital information you will need to potentially lower costs, improve productivity and increase the amount of money you can make. Then, when you start making money you can hire some employees to help you. It will also make it easier when you have to train employees, because you will understand all the requirements of every job your business must perform to stay in business and how they interact with each other, because you will have worked them all yourself.

Be certain to keep an open mind during the business planning and start-up cost phase. Keep talking to other small business people or a mentor who might have suggestions for starting small and less expensively.

Also remember that the start-up costs will be offset by the revenue that your business will generate, so over time you will break even and then begin to make money from the business.

Author's Resource Box

Leon Edward shares information on government funding, Federal, State ,Local Grants , where to find start up business grants, sources, how best to fill out applications, grant management step by step tips, setting up a business steps at his website
Start Up Business Grants

Article Source:
www.1ArticleWorld.com

 

  Report Article
Badly Written Offensive Content Spam
Bad Author Links Mis-spellings Bad Formatting
Bad Author Photo Good Article!