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Entrepreneurship
by Greg Cruey on January 31, 2010
© jekert gwapo
I sometimes joke that my favorite verse from the Bible is Ecclesiastes 10:19, which says that money is the answer to everything. It does actually say that (although you have to take it in the large context of the book). But I can come up with verses I like more...
While money might really be the answer to everything in some cynical sense, hold down your costs can be the answer to a lot of things, especially if you're just getting started in your business. Women Entrepreneur has some tips for doing just that.
Ideas, fortunately, are free-until you decide to implement them. Does your idea require a patent or a trademark? What will you call the entity? Will you require a professional license? Do you need local or state licenses? If there are two or more people involved, will you form a partnership or a corporation? If you're going to be a sole proprietorship, consider potential personal liability should something happen to a client or visitor on your property. These are only a few of the things to consider as you set up shop.The article goes throguh and examines a number of common startup costs and looks at alternatives that may reduce those costs.
There's a cost to every one of these details...
Permalink: Cutting Startup Costs
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/171552
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