- 1). Determine your overhead cost. Take a look at your obvious and hidden costs so that you know how much it will cost to begin. Calculate the cost over the period of six months because it often takes that long to make a profit after paying your costs.
- 2). Look at the cost of any building you will need. You will have to lease, rent or buy a building. Work from home for the lowest building cost possible.
- 3). Factor in the cost of utilities like plumbing, electrical and heating. Add these totals to your monthly costs to get an accurate start up amount. Calculate the cost of any merchandise or products that you will need before you can open your business. Add in the cost of any vehicle you might need.
- 4). Factor in your advertising costs and determine the cost of marketing material. You need to market and advertise any business if you want to increase your clientele and make a profit.
- 5). Pick a skilled trade. Find something you're good at and have skills in. You won't need a lot of training if you pick a topic you know something about. Turn these skills into profitable work.
- 6). Start a business in the service industry like running errands, consulting, pet care, child care, freelance writing, photography, teaching, tutoring, designing and consulting. These jobs have low start-up costs because you perform tasks in someone's home or your own.
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