Start-Up Costs Vs Expenses: What I wish I knew when I started my business.

21 June 2021||Jenn McNeely||Entrepreneur,Small Business,Tips and Tricks

Hi Legacy Builders! Welcome back. Let’s talk about start-up costs vs expenses! When I first started JWM Designs in 2017, I was completely new to the #entrepreneuriallifestyle and what it took to start a business. Even though I was a business major in college, I had never focused on startups and entrepreneurship. So, I did some research and learned about the importance of distinguishing between a startup cost and an operating expense. In this video, I share with you my experience calculating the startup costs for JWM Designs and why knowing your costs is important even if you’re already operating your business. I share with you the spreadsheet I created and there’s a link to a template of that exact spreadsheet for you to use in your business.

Link to Start-Up Costs Spreadsheet: https://bit.ly/3xFR1bo

What You Can Expect: My blog and YouTube Channel are dedicated to making the complexities of starting and running a business much easier. I help the employee-turned-entrepreneur learn the tools and tips to grow their business. I host weekly live talks where I go over questions I receive from new business owners and help guide them to the resources they need to thrive. I also create videos comparing different tools and services that have helped me in starting and growing my business.

Jenn McNeely

Since I can remember, I have always enjoyed challenging myself to never be confined to one industry or career. Stepping out of my comfort zone and pushing myself to learn new skills has been a staple of my personality and my approach to life. My absolute favorite part of what I do is interacting with new people and learning more about their businesses and interests.

I help clients do more than set up a website. I help them launch their businesses. I am there for my clients before, during, and after the launch to be a resource to them. My goal is for my clients to see a return on their investment of time and financial resources. It is not enough for me to create a beautiful website for my clients. My costs are directly related to what I believe it will take to reach my client’s goals. This may mean that companies like [insert low-cost company name here] will undercut me with lower prices, but I’m okay with that. Often times their fees eventually surpass mine once you add in all the elements that I provide wholesale.

Growing your online presence from scratch takes time but when done correctly will generate great returns. I am a firm believer in transparency with my clients and want them to truly understand what it means to work with me. So, here’s to trusting the process and taking client’s businesses to the next level.