Financial Reality

    Ok! I’m touching up on this tender subject because it’s a reality,  I do not make enough money at my occupation to start a business and everything it entails! I do have two other partners that are more financially equipped than I.  We have all equally invested, I was able to do so through borrowing it, though we have come to discover that expenses have expanded. I contribute small amounts from my biweekly paycheck when I can and it is taking a toll!  Don’t get me wrong, I’m not going to become homeless but finding myself short on all my bills, expenses and gas toward the end of the pay period is now always an occurrence! And currently, I am overdrawn in my checking account by $8.18!   Aargh! My husband is awesome about covering me and helping me when I ask but I don’t want to continuously need that. It’s embarrassing! It has been a very step by step process with a lot of emotional ups and downs and with every step comes a cost!

Quick Tip: PLANNING YOUR BUSINESS. 14 Business Startup Costs Business Owners Need to Know. LAST UPDATED ON JUNE 19, 2019. Gretchen Schmid.

14 Common Small Business Startup Costs

1)Equipment: $10,000 to $125,000

2)Incorporation fees: Under $300

3)Office space: $100-$1,000 per employee per month

4)Inventory: 17-25% of total budget

5)Marketing: 0-10% of total budget

6)Website: About $25 per month

7)Office furniture and supplies: 10% of total budget

8)Utilities: About $2 per square foot of office space

9)Payroll: 25-50% of total budget

10)Professional consultants: $1,000 to $5,000 per year

11)Insurance: An average of $1,200 per year

12)Taxes: Variable

13)Travel: Variable

14)Shipping: Variable

Now some of those costs, thank goodness, do not apply to us.  Though it has still been a rollercoaster of a financial, emotional, ride!  There are a lot of resources out there, some I have discovered and some yet to be found.  In all sad reality though, it’s been a difficult crazy year and with a full-time job, a three-year-old and living with my mother in law I have not been the most motivated!  Kick Starter was one I looked into and still want to go for! With the help of Sarah we made an account and filled out the majority of it to launch our project but then it got set on the back burner.  Ya know it feels like my thoughts and attention needs to be on 7 different tasks at once with nothing 100% complete. My hopes are that when it’s time everything will fall in line I.e. Booking/finances, product, packaging, marketing, website sales, retail sales, and I’m sure 5 more things I can’t think of at 8:38 am Thursday morning ⛅.   

Quick Tip: We see Kickstarter as a home for creative minds and a wonderful platform; where people who believe, respect, and see the vision can support an idea and make it a reality. DE LA SOUL. A Kickstarter project does more than raise money. It builds a community around your work. What can I use Kickstarter to fund? Kickstarter is specifically for creative projects in the following categories: Art, Comics, Crafts, Dance, Design, Fashion, Film & Video, Food, Games, Journalism, Music, Photography, Publishing, Technology, and Theater. Make an album, write a book, create an immersive theater experience, score a film — you name it. Read more about our project guidelines. Kickstarter, PBC © 2019

Well my financial rant and rave is over, I am going to pull up my big girl panties and take on a positive can-do attitude!  

Thanks for reading