Wednesday, July 04, 2007

Control Home Business Start Up Costs
Copyright © Rahimah Sultan

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Many home based businesses require a lot of equipment that would normally be found in a corporate office. When you are just starting your home based business, equipment cost can present credit issues, but there are some ways you can control startup costs for purchases.

The first thing you must do is decide which equipment and supplies are absolutely necessary to your business operation. While there are certain supplies and equipment that could make for a smoother running business, you must make the decision regarding what is really necessary to operate effectively.

A garage sale or an auction can be an excellent place to find bargains on equipment for your home office while saving the cost of new purchases from an office supply store. Then, later consider trading in your garage purchases toward newer office furniture. An option you should look into is purchasing slightly older equipment at garage sales and then using them as trade-ins on newer equipment. You can often get quite a bit off the purchase price of a new piece of equipment if you know what to look for at sales.

You can also save money by getting rid of what you don’t need and recycling what you have. If you find you haven’t used a piece of equipment or some supplies for awhile then consider either throwing them out or selling. You will not only be freeing up space by not storing old equipment in your home office and cluttering it, but you will make some money in the process. The same goes for filing cabinets. If you think you need a second one because you have run out of room, clean out your first filing cabinet. You will often be surprised at how much room you really have when you discard the files you no longer need. If you have important papers that you must keep, that are taking up space in your filing cabinet, consider storing them someplace safe such as a bank safe deposit box to make more room in your home business office files. Avoid spending money on new furniture that you absolutely don’t need.

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