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Why You May Already be Paying B2B Startup Costs

The dream of owning one’s own business inspires countless business students, college applicants, and workers. But without a concretely defined plan, One startling revelation to many experienced consultants is that out of their personal spending and recreational expenses they may be affording the same capital resources and credit facility a small to medium startup business might cost. Your free time could be earning you money. Stop squandering the time on activities with no reward! Many personal gamers spend upwards of 20 hours a week in front of a computer where the game owns tens of thousands, perhaps even hundreds of thousands of keystrokes for free. This is the equivalent of the work contribution and labor effort of a part time employee. Instead of throwing away voluntarily resources that might make you rich, the first lesson a startup entrepreneur needs to learn is to budget their own time to work, not recreation. The average startup company requires a general six month plan. But with supplementary resources available, the startup cycles for marketing, finding clients, and grooming services and production can work alongside a regular job or career track. Commitment to the plan includes notifying family and friends of your limited availability, at the same time leveraging personal relationships for incipient contracts and projects. You may find contacts and friends in your personal support network willing to help out. Most people maintain a personal computer or laptop device for their personal uncontested use at all times. Since business apps are free online, no additional software costs or licenses are required. Individuals who maintain a computer for use of a small business may be able to get a tax write off for upgrades a new machine, or insurance or replacement plans. Necessary costs and repairs of normal personal use can become business costs of any sideline business involving use of a computer. The misapprehension that many new startup business entrepreneurs have is that the scale of their initial production run must be massive, or their launch needs a  big splash.

These elements of business success are advisable where a competitive brand is establishing itself, but hardly a “must” for a startup business. Entrepreneurs have the luxury of juggling production schedules and costs to fit their needs and requirements. These factors make up a science titled “Supply Chain Management”. But tapping the right business market for the right business opportunity still matters. A case study for the personal business might be the machining and production of spare parts and aftermarket customizations for high end personal motorcyles. Discontinued European and North American manufacturer parts, as well as Chinese and Japanese motorcyle parts can be difficult if not impossible to find for some owners. Taking to bike riders, community members, or browsing forums can inform a aftermarket manufacturer what is in demand. When the collector pulls their motocycle out of storage, they can’t repair the bike unless they pay a fortune. But what if a medium price spare parts producer came on the market, producing less priced comparable parts? That time spent fiddling around in the garage could net $150 a month. Know someone who can customize spare parts for a certain model motorbike they own? Get them to do it in bulk and resell the parts fo a weekend B2B enterprise. The homemaker is no longer excluded from the work at home, small business opportunity. Do you or someone you know bake lots of cookies, cakes, cupcakes, and sweets for fun and relaxation? Do they bring the stuff into work for free because they are bored and don’t want to eat it all? These costs are fixed, the person does not notice any difference in their utility bills or grocery bills. But his same individual fantasizes about traveling to Europe one day. The baker can start baking cookies for food trucks or companies. The cost might be three boxes of 99-cent cookie mix, made according to instructions with odds and ends from the kitchen added like butter, almond extract, coconut, or nuts. Wrapped in stacks of three in plastic wrap, these can sell for $.99 a bundle. If a food truck leaves in the morning with four dozen bundles, they can sell them or freeze the unwanted ones for next day availability. That’s $47.52 for the equivalent of an afternoon spent with a mixing bowl and a baking sheet. The home baker can listen to the radio, watch the news or catch a movie while working. Looking at the calendar, there are 52 weeks in the year. That’s almost $ 2500 a year, on the side. A home baker can spend one day a week or more contributing to their own business, using personal time and small amounts of resources they would have squandered anyway. Upgrading the product becomes a factor of time and money. Can different ingredients make a premium cookie?  Can the baker use colored wrapping cellophane and use a pretty ribbon?  These cookies just became a party favor. Attach a business card and the cookies became a marketing ploy. The cookie maker can decide if they want to work “under the radar” or business to business. Project forecasting can keep flour sugar and eggs in-house. Got a hobby website? The cost for a business website is exactly the same. A website allows private parties and businesses to refer to one another in-house and check out what arrangements they want to make. Someone working a full time job can check email from work or by cellphone to see if they have orders or queries.The web can do the work of a secretary and an office switchboard. The B2B applications can help restaurants whose cooks didn’t show up, are experiencing kitchen equipment problems, or who are short on staff. Marketing for this type of a business is a breeze. Doesn’t everyone at the PTA meeting or car rally want to know where to order units of sweets overnight or on three hours minimum notice? Delivery may add a cost. Maybe a swap meet booth wants to give out snacks or someone at a carnival forgot to bake cupcakes. The homemaker home baker decide how much and when they want to work, and whom for. A food truck, local restaurant, or scout meeting needs those cookies. A website such as WordPress with a shopping cart can vend orders, and minimums and turn times can be posted. The outlay for a week’s worth of production runs might be as much as $10 using our forecasted costs and sample budget. Most people spend that now on fast food or magazines. The options become the same for a parts aftermarket machinist shop or a cookie maker. Can they make a batch to order for a wholesale client? Can they sell another employee or buyer to bring into work? Busy executives who never bring anything for the office may tap a neighbor to show up with 48 bundles for the corporate HQ picnic, and find this very convenient. Pricing becomes the the prerogative of the baker, who now owns a home business. Many other ideas that fit inside the need envelope of a product service or business fall into this category. The volume need not be large, in fact a huge volume is beyond the capacity of most startup business entrepreneurs. bu if you have a skill, access to resources, and spare time, it might be the right moment to capitalize on your free time, instead of giving it away.

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