Are you aware of these three things which you may not have planned for when it comes to running a small business?
When opening a new business, you already know you will encounter expenses. You have probably already made a list of the things you need to get started, or even done an analysis of the revenue compared to your expenses. This is something that successful business owners do early, but there are some common expenses that are very often overlooked when it comes to small businesses. Below, we have listed some hidden costs that many small business owners fail to consider, which could hinder them greatly.
- Replacing Equipment. Inevitably it will happen, the motherboard will fry on your recently purchased computer, or manufacturing machine(s). Allocate the appropriate funds to cope with these unavoidable expenses in your budget now, and you won’t be sorry later.
- Web Designer Costs. If you are planning to do business online, or simply want an online presence to tell people about your goods/services, understand now how expensive paying a web designer is going to be. When you need to add content, you can expect to pay around $100 per hour, or more. There are other 3rd party resources which will help you combat these expenses.
- The Little Things. A lot of times it’s the details that make the difference. Things like desks, copiers, paper, pens, computers, accessories, electrical cords, etc. Even for the smallest of things like hand soap or window cleaner. Make sure that these things get fit into your budget.
When it comes to protecting your California business, having the right team of insurance experts behind you can give you the peace of mind that you deserve. Contact the experts at Stromsoe Insurance Agency for all of your commercial insurance coverage needs. We will work with you to ensure you have the right amount of protection, all at the right price to fit your budget.