Setting Up Shop

Okay, so now you have your business license and/or permits. You are ready to set up shop. What items are on your shopping list? Once you decide upon renting a space , or working out of your home, what office equipment is needed?

Depending up the nature of your business, the inventory may vary. Most every office will need a phone, computer and/or typewriter, paper, envelopes, stamps, pens, pencils, tape, paper clips and a stapler. This would also include furniture such as tables, desks, chairs, lighting, etc.

Where to obtain these items is the next question? Some items you may already have on hand. There are many office supply stores who sell in store, via catalog or online. Many offer discounts to new customers. Also, discounts are often offered depending upon the total purchase amount. Some offer discounts to customers who may sign up for a store credit card (if applicable.)

Some items may be obtained by shopping at local thrift stores and yard/tag sales. I myself obtained my fax machine and my Smith Corona word processor from these venues. I also obtained a nice desk at a very reasonable price at a local auction site.

It is good to make a list of items needed to complete services and products offered. For my business, writing paper of all grades and sizes is a must. Also, assorted envelopes for mailing purposes.

Keep receipts, especially for items under warranty. These will be useful at tax time when calculating your business expenditures. Also, for any items which may prove defective in some way. It will facilitate refunds and exchanges.

You will need to contact utilities if renting a space and these are not included with the rent. You will need to inquire about any necessary insurance not covered by the landlord. When I attended courses offered through the local Small Business Center, it was repeatedly stated that the number one reason new businesses go out of business is lack of operating capital. So, in setting up shop, the costs need to be estimated in advance. It would be sad if a new business opened and needed to be closed down due to lack of finances. So, prepare and calculate the needs and costs to set up shop and remain open for business.