Budgeting for How to Start a Computer Consulting Business (Slides)
How to Start a Consulting Company - Estimating Start-Up Capital Needs (Slides)
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Transcript of How to Start a Consulting Company - Estimating Start-Up Capital Needs (Slides)
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How to Start a
Consulting Company
- Estimating Start-Up
Capital Needs
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“How Much Capital
Do You Need to
Start a Consulting
Company?”
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A Marketing Budget
of $250-$500
a Month
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Professional
Services
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Find a Good
Attorney and
Accountant
in Your Area
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Budget for Around
$250 to $500
Each Month for
Legal and
Accounting Fees
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These Professionals
Can Also be
a Tremendous
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They May Also Give
You Some Ideas
on How to Create
Awareness of Your
New Company
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Nominal Expenses
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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
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• Setting Up a
Business Phone
Number
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Between $50 to
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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
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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
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Estimate Your
Start-up
Capital Needs
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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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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
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