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.