Start Up Cost & Monthly Expense
OK, let’s talk Money!
If you take this path what financial commitment are you getting yourself into?
Initial Start Up
Business license $200-$500
Domain name $0-$20
Website & hosting $100-$2500
Explainer video $0-$300
Cleaner Contract $0-$500
Estimate range is mainly based on if you do these things yourself or if you hire out the job to an expert. I recommend at the beginning, do it yourself. You can always upgrade when you see some cash flow coming in.
Job posts for cleaners $50-$150
Scheduling software $50-$300
Phone line $20-$50
Email service $5-$10
Bank Fees $0-$20
Bookkeeping Software $0-$25
Payroll Service $0-$100
Many software start at the lower end price point and grow as your business volume grows.
If your have at at home office, that's a tax write off. I don't recommend renting an office, especially during your early stages. Simply rent an office by the hour to conduct your interviews in a professional setting. Besides that, there is no need for an outside office.
We are not counting variable costs like cleaners fees and credit card processing fees because you only have those in porportion to how much revenue you make so that doesn’t matter here. I also believe that is for marketing too, stick to the free methods until you get some $$ and some 5 star reviews
General Liability Insurance $500-$800
Business entity tax $800
Account tax filing fees $500-$1000
Subscription to email marketing software
Automation integration software
Diem’s automations course
Marketing expense like yelp, SEO etc
I earn a healthy 20% take home pay between my paycheck to myself and my profit earnings, after all expenses are paid. Because your fixed expenses are so low you can expect to achieve the 20% profit margin even very early on.