Monday, May 10, 2010

Back to saving money and gaining wealth

It's been a while since my last Gaining Wealth and Saving Money post.  I can honestly say I have been busy living my dream of sorts.  Since my last post I have been extremely busy juggling my daytime employment and establishing my business.  I am proud to say that my business is well on it's way to success.

Initially I registered the business name in Ontario, started it's website and began setting up the home office.  As I moved through the process the snowball effect become quite apparent.  Many business requirements rely on other tasks to be completed first.  This quickly became a very large "to-do" list. 

My to do list consisted mainly of:

Business Registration and Accounting Requirements

Improvements to the home office

Business Forms, Letterhead, Cards etc etc

Marketing Marketing Marketing!

I purchased Quickbooks Pro to keep track of all my business transactions.  I had previously been tracking this information with simple excel sheets for my personal and business expenses.  I was pleasantly surprised to find Quickbooks extremely user friendly and manageable.  My accountant should thank me next tax season.



My home office was upgraded with a budget friendly devoted PC (resurrected from my closet) a printer/fax/scanner combo from WalMart at a very reasonable price.  Many other office purchases such as paper, report covers, binders etc were purchased from the Dollar Store!  That place has been the most useful office supply depot I have ever found.

I was able to print some new business cards, devise letterhead, forms and templates at a very mimal cost by searching around the net and simply borrowing the free templates already developed by others.  At almost zero cost I have professional looking forms and templates for all required situations.  As well, Quickbooks includes various templates for the accounting end of things.

Onward I moved to Marketing. This I believe, will be the most time consuming, yet best utilized time for my business.  As I am already quite familiar with Blogging, I started a blog for the business and quickly added some content to use as the company website- free of charge :)

I will devote an upcoming post to the various marketing tactics I am currently using and how they have panned out. 

Every day that passes I become less dependant on my day job, the ability to be free is at hand. 

Stay tuned!

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