NASE, National Association of Self Employed

START-UP COSTS

Part of the business plan involves clearly outlining your start-up costs. Some of the biggest capital expenses when starting a business is purchasing assets such as office furniture, vehicles, equipment and machinery. Computers and technology items I generally suggest to buy new, as those items tend to age the quickest and become outdated. Online sellers on eBay are scored based on their credibility, so don’t be afraid to try refurbished or lightly used computers so long as they are sold by reputable sellers. Ebay insists sellers are accountable for generally 30 days after purchase. Furniture, vehicles, equipment, machinery can all be purchased used at much more cost effective pricing. Rarely will you find a success story of any entrepreneur that started with spending money lavishly on items they really didn’t need! Starting lean may be your only choice if your start-up budget is strict, and I say “count yourself lucky” as these disciplines will be great to follow even when the budget doesn’t require it! I cannot emphasize enough, lean is smart and lean also allows for highest profitability the quickest! A CASE TO THE

PREVIOUS POINT

Imagine starting a new restaurant with NEW commercial kitchen equipment and NEW dining furniture, for a 1200 square foot kitchen with seating for 60 at a price of $79,500. What if you did some homework and found a similar set up which could be purchased used for $16,500? Our company liquidates these types of restaurants and these deals are out there in every city! Return on Investment or Return on Capital is the focus of every business person. Imagine being profitable your very first year because of these wise buying tactics! Often we liquidate entire Long Johns Silvers business assets, both kitchen and dining assets. Pickup an entire asset grouping for $14k-$20k!

DISRUPTIVE INNOVATION

Our company liquidates assets in a way that brings a better return to the client, using technology driven advertising. We have a disruptive model, which will give direct competition to auction services. Harvard review for December 2014 wrote about Uber and how it was disruptive to the cab industry. Starting a business at grassroots, on a lean budget, can pay off fast. Once the concept is made national it can be an industry changer. (REF Harvard Review, Dec 2015)

OPPORTUNITY KNOCKS

My first office required 4 office desks, a conference table, chairs, a training area, and basic copy machines and computers. First, I searched online via craigslist, which is a FREE site whether you buy or sell. I sourced out 80% of what we needed and spent about $2600. From these 2 lots I sold off $800 in items we didn’t need and focused on my final purchases, fast computers! My original budget for this office was $6500. My net start up office costs for a beautiful mahogany set up was $3,200! Being fearless in business can start with being aggressive with managing your dollars wisely!