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As a Start Up, what expenses are crucial and/or necessary?


Dexter Mitchem Little Rock, AR

OK. Here's BLUF! My business has been dormant since 2016. Along comes Covid19 with SBA Grants and State Grants. My business was given Grant monies. Since my business closely resembles that of a Start-Up business, I am looking for a Mentor to help my company navigate through and prioritize crucial business expenses necessary.

26 June 2020 3 replies Mentoring



Dexter Mitchem Little Rock, AR

Mr. Watters,

Your sage advice offered will be followed! Thank you. Prioritization of my start-up business expenses have been completed. The design and launch of my business website is my main priority. Today I’ll receive one last website design proposal. From the 4 proposals received, I’ll decide which professional company(ies) will build my website, design my business a logo, and provide printed materials (brochures, etc.).

While I will not rely upon credit cards to start my business, I am interested in building business credit. If you have advice to share, please do. Thank you.

Very respectfully,
Major Mitchem


Steve Adolt Lancaster, PA


Congrats!! Many small businesses did not get ANY funds during this period!

Rather than give advice on an unknown business, let's schedule a 30-minute call and talk about what you're doing, how you're doing it, and we can go from there, ok?

It would be my pleasure to help you!

Calendar link:




James Watters Norman, OK

Major Mitchum -
Prioritizing business expenses involves several conditions. Will you work from home, do you need a distinctive location, is your business for profit, will you sell a service or products, etc.

How much money do you need to “open” your business, how much money is needed before the company is on a “paying basis” (how long will it take), and what are the reoccurring monthly costs of the business.

Regarding business costs, they typically fall into two basic classes. First, the direct costs of producing revenue and secondly the general operating and marketing expenses needed to support the firm. Put pen to paper and write down each of these cost categories and then estimate the cost of each. Show the list to your friends that are in business, your banker or any investors you may have. You can find a typical list of business expenses on line.

Business finance comes from “equity” (your money and any contribution from investors), bank loans, the revenues from sales and of course the grant you obtained. The trick is having enough of these funds until the business revenue supports all costs including your net income. One caution, if at all possible, do not rely on credit cards to start the company.

Good luck Major

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