Expenses General Business Online Home Business
Startup Cost XX,XX X
Registration XXX
Licensing XX
Franchisee XX
Manuals/books XXX XX
Computer HW X,XXX XXX
Computer SW XXX XXX
First& Last Deposit X,XXX
Rennovation XX, XXXX
Equipments XX,,XXXX
Furnitures X,XXX
Phone XXX
Electricity XXX
Gas XXX
Water XXX
Security XXX
Employees X,XXX
Supplies Cost X,XXX
Rental X,XXX
Tax X,XXX
Office Fixture X,XXX
Office supplies XX
Management fee XXX
Employee Insurance XXX
Emlpoyee Benefits XXX
Total $XXX,XXX $XXX
NOTE;
x=single digit expense ... e.g. $1 to $9
xx= 2 digit expenses ..... e.g. $10 to 99
xxx=3 digit expenses .... e.g. $100 - $999
x,xxx=4 digit expenses ... e.g. $1,000 to $9,999
xx,xxx=5 digit expenses ..... e.g. $10,000 to $99,999
xxx,xxx=6digit expenses ...... e.g. $100,000 to $999,999
This is a conceptual costs comparison. It is rough estimates
without going into the detailed specifics. However, it draws
a very clear picture comparing the general business expenses
versus the online home busienss expenses.
When all the expenses add up the general business will easily
be in the area of $30,000 to $300,000 depending the business
nature. For example for a 1 man barbar shop $30,000 is good enough.
where as a franchised Coffee Donuts Shop (e.g.,Tim Horton, MacDonald) at the town centre expenses incur may be $300,000 - $500,000. The break-even time will be 2-3 years.
On the other hand, it is apparent that the costs incur for the
online home business are much less in the area of $50 to $2,000
depending on your choice of requirement for the Computer hardware, software and a good information book. The break-even time will be in days/months only.
Conclusion:
The online business expenses versus the general business quoted above is in favour to the online business model.
It is a ratio of about 1:1000
Does it give you a tick to go ahead Starting Something New which is Your Own Online Business during the leisure time at the comfort of your home and only at a shoe string budget ?
