How to Start a Consulting Company - Estimating Start-Up Capital Needs (Slides)

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Small Business Computer Consulting Blog

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How to Start a

Consulting Company

- Estimating Start-Up

Capital Needs

http://blog.sphomerun.com/

SPHomeRun.com Sponsored by HowToStartAnITBusiness.com

“How Much Capital

Do You Need to

Start a Consulting

Company?”

http://howtostartanitbusiness.com/


Marketing



A Marketing Budget

of $250-$500

a Month



Professional

Services



Find a Good

Attorney and

Accountant

in Your Area



Budget for Around

$250 to $500

Each Month for

Legal and

Accounting Fees



These Professionals

Can Also be

a Tremendous

Source of Referrals



They May Also Give

You Some Ideas

on How to Create

Awareness of Your

New Company


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Nominal Expenses

Sponsored by HowToStartAnITBusiness.com


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These in Total

May Set you Back

About $1,000:



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• Establishing

your Business

Entity



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May Cost You

Less than $500



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• Registering a

Domain Name



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About $100

Per Year



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• Setting Up a

Business Phone

Number



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Between $50 to

$200 Annually



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• Getting Your

Logo and

Business Identity

Designed



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For $100 to $200



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• Having Your

Starter Set of

Business Cards

Letterhead and

Envelopes



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For $100 to $200



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Credit Card

Merchant Account



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You Should

Probably Budget

About $300 a Year

Plus Variable

Transaction Fees



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Organizational and

Channel Program

Memberships/

Subscriptions



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Subscriptions are

Another Area

You are Going to

Budget



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Most Budget Items

in this Area

will be for

Channel Program

Memberships



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Training and

Certifications



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Unless You

Are Selling to

IT Professionals

or a Sophisticated

IT Manager



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Do Not Spend a lot

of Time and Money

Collecting Initials

and Logos



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Advanced

Certifications are

Not Required for

Landing Typical

SMB Clients



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Product Reselling

Capital

Requirements



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If the Focus of

Your Business is

on Reselling

Products



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You’re Definitely

Going to Need a

Lot More Capital



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It is Simpler to

Help Your Clients

with Basic

Procurement and

Asset Management



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A Service Which

You Can Bill

by the Hour



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Bill by the Hour

for Configuring,

Installing, and

Supporting their

IT Systems



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Personal Reserves



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The Biggest

Financial Issue is

Having Enough

Personal Savings



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To Support You

During the

First 6-12 Months

While Building up

Your Client Base



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Use the Categories

and Guidelines in

this Article to Help



SPHomeRun.com

Estimate Your

Start-up

Capital Needs



SPHomeRun.com

What’s Been Most

Important to

Helping You

Estimate your Start-

up Capital Needs?



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Please Share Your

Thoughts in the

Comments Area

Below



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Creative Commons Image Source: Flickr elisasizzle

Recommended Reading:

How to Start a Computer

Consulting Business 6 Proven Ways to

Build Your Initial Client Base

Download this Free Special Report Now at

HowToStartAnITBusiness.com


How to Start a Consulting Company - Estimating Start-Up Capital Needs (Slides)

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startup capital needs

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accounting fees

reselling products