When it comes to starting any kind of business, having capital to start the business operation is a must. I don't believe in using zero capital to start any kind of business.

 

So, where your business is set up online or carried out offline, what's the least amount you had as capital to kick it off?

It was $10 back in 2019, and I used it to buy a domain for my blog.

While I was on college, I used $100 to start up a popcorn making machine. That was my first business venture and it catered for my financial needs to an extent.

The costs of a domain, a reseller hosting package, an extra bank account, a business license and accounting software, of which the first two are annual expenses and the last two are monthly expenses. I do always have some extra money for outsourcing purposes, just in case I needed someone to partially complete something. So yeah, just a couple of hundred Euros.

Edited January 13Jan 13 by Mace

Cost of a business license, a PO box, and a checking account. Maybe fifty or so.

Cost of a business license

I prefer Registered Agents to take care of

a PO box

As well as other communication.

 

Typically runs around $200 plus state fees. But, they also file for the EIN with the IRS, saving a headache, to be able to open a checking account (and line of credit) with ease.