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Business Planning Find and share information and resources to help you create or update your business plan.

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  #21 (permalink)  
Old 08-14-2008
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KiwiVA KiwiVA is offline
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Location: I live in the beautiful Cambridge (Town of Trees) in New Zealand.
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Default Re: Start-Up Cost

I'm still in the research phase and already spend quite a lot. I have signed up for two VA programmes (one is the VBSS and the VAClassroom) and bought lots of books on the topics. I bought software to design my website, I registered with a Women business association, will soon sign up with the Chamber of Commerce, the incorporation cost me $150 here in New Zealand and then there's the web hosting. I also have to get businesscards done, get brochures for the networking meetings and adverts in the local paper to get some local clients to start off with.
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  #22 (permalink)  
Old 08-14-2008
DianaEnnen DianaEnnen is offline
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Default Re: Start-Up Cost

Hi

I too agree it depends on your specialty if you have the basics. I can remember when I started, I had to watch every penny so I really budgeted and bought things when I could. One thing I still do today is to watch for sales on items I need. Like, I used to send out portfolios to clients in a two-pocker folders. At most stores now for Back to School savings you can get them free or for a nickle, so I stock up. You can really save a lot of money by doing this.

I also found some stores would honor other stores coupons. I can remember getting some computer equipment I needed at a huge discount.

Thanks!

Diana Ennen
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  #23 (permalink)  
Old 08-14-2008
DHess DHess is offline
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Default Re: Start-Up Cost

KiwiVA, I'm sitting here wondering why you invested in the groups you did so soon in your start-up process. In my opinion, that is getting the "cart before the horse". You should concentrate more on building your brand with a website or if not affordable at this time a blog, your business cards and such then pursue the network groups and virtual programs. After all, you don't want to attend a network meeting without having business cards to pass out, a 60 second brag piece to promote your services, and some type of marketing piece to hand out. This also applies if you are connecting virtually, People will want to know what you do, how you do it, and what you charge.

Just my thoughts...
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  #24 (permalink)  
Old 08-14-2008
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KiwiVA KiwiVA is offline
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Default Re: Start-Up Cost

Dhess,

you are right about that. I have parts of the website only as it's a big learning curve to use that new programme. So it takes a little while. I took a MS Publisher type brochure to the first networking meeting, but am now reworking it now.

I went to the networking meeting to see if there's a demand for a PA/VA service in our area (I'm in New Zealand). The thing is that the service is quite uncommon here and I don't want to plunge into something when it's not working out. There are some high paying Executive Assistant jobs in reputable companies going at the moment and I'm a bit anxious that I let those opportunities go for stubbornly trying to make a little business work. I feel a bit guilty towards my husband as we have just moved into a new and more expensive house and I'm sitting at home researching and trying to set up a business while he's busy working to pay the mortgage. I feel selfish for trying that as the EA position pay really good money. The only problem with one of those positions is that I'll be bored senseless again because I need a bit more stimulation.
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  #25 (permalink)  
Old 08-14-2008
DHess DHess is offline
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Default Re: Start-Up Cost

Keep your head up! I've worked in the virtual industry for a decade now, yes back when websites were only written in html code and our first computer was a 386. It has been an uphill climb and one that my husband has supported. I worked part-time for the first three years and decided to go for it all in 2003. No looking back!

So` is it worth it? YES! It isn't a business for the weak though. You must be committed and READ quality books on not only running a home based business but how to work on a budget.
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  #26 (permalink)  
Old 10-01-2009
faithfuladmin faithfuladmin is offline
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Default Re: Start-Up Cost

This is great information, because as an aspiring VA, I was curious about the start up costs also. I am trying to budget how much I would need to get started. As a Working mother right now, spending too much too fast can become an issue, so I am budgeting it all right now.
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  #27 (permalink)  
Old 10-01-2009
Norma Norma is offline
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Default Re: Start-Up Cost

I had the office software, but had to buy a laptop (had to - at least that is what I told my hubby...) and my biggest expense after that was the memberships and a link to marketing assasins to get SEO advice. All in all I have spent around $1,500 and have no clients to show for it yet!!

I spent some time with SCORE today and got some good marketing advice and I have spent time on getting an intro letter and am working on post cards. Next week is all my face to face time - I am beating the pavement in my county starting on Tuesday since I am thinking that Mondays will be too hectic to most business owners.
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  #28 (permalink)  
Old 10-02-2009
cherylb cherylb is offline
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Default Re: Start-Up Cost

In some ways, I think I'm in fairly good shape as to equipment because I've run a home business in the past and I just could not live without my computer! So, I have a scanner/print/photo printer (although the photo part isn't playing nice with me right now), PC and Macbook. I've got the software that I will need (I think, I hope), including fax, Skype, and other IM programs at the ready. I'm looking into a business phone number, still haven't been sold on one particular company for that yet. So now I'm up to designing my website and logo. Baby steps.
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  #29 (permalink)  
Old 10-02-2009
Alicia~VA in the Making Alicia~VA in the Making is offline
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Default Re: Start-Up Cost

I have all of the basics as far as office equipment. I have to set up my website as well. I am really glad we have this site which gives us access to great resources!
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  #30 (permalink)  
Old 10-05-2009
Trish D Trish D is offline
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Default Re: Start-Up Cost

The most expensivet thing for me in starting up would have to be the marketing costs. Pretty much everything else I needed I had to start with.
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