Ok, I'm nearing the completion stage of my internet business, and I've spent quite a bit of money, $9,000 or so. For all you morons who think that you can start a business with $8 for your domain name, and then make millions, this is for you. Here's the breakdown of what I spent, all numbers rounded. Note that I had to form a California LLC because California wants to make SURE that they extract as much money from you as they can, therefore it is a felony to incorporate in another state. I am moving to Nevada soon hopefully.
$500 incorporation filing
$800 2007 California franchise tax
$1,400 attorney's fees to write employment contract
$200 accountant to prepare 2007 tax return
$800 2008 California franchise tax
$200 to open business checking and savings accounts ($100 minimum deposit)
$130 various municipal taxes and fees (the city of Sacramento doesn't issue business licenses, instead they charge you a tax on profits)
$3,200 website building fees (includes domain name, secure site license, professional design, and a few other things)
Then there's all the extraneous stuff:
$70 fax machine
$250 copier
$250 Access 2007
$200 QuickBooks 2008
Not to mention the $1,700 new computer I bought so I could run Access and Word and QuickBooks. (I built it myself; I'm not about to pay $500 for some Dell made in China hunk of junk. My dad did that, and the computer died a year later after he put thousands into fixing problems caused when you have slave labor building computers.)
So there you go. I put it all on credit cards. So now I HAVE to succeed to pay off my debts. Don't think that you can make millions without at least a LITTLE money spent. Most "no money down work at home businesses" are in fact network marketing, which few people succeed at. Actually, network marketing DOES require an upfront investment in most cases, but you're so busy listening to them lying to you that you don't realize that you're spending lots of money.
And then there's seminars, which exist to sell you the next level seminar. This is Russ Whitney's gig, some of you may have heard of him. It's telling that your first "homework assignment" in most of the introductory seminars is to amass as many credit cards with sky high limits as you can, and convince your current cards to drastically up your limits. This is so the seminar guru will get rich off YOUR good credit. In the end, your credit is ruined, and some other guy is rich because of it.
If I'm gonna wreck my credit, *I* want to be the one with the possibility of getting rich. You don't need a guru to motivate you, and real mentors don't sell their mentoring for thousands of dollars an hour on websites. If you're not sure you're gonna get rich, you need to either change your business plan or go flip burgers for the rest of your life, and use your credit to pay for Spanish classes so you can talk with your co-workers.





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Frustrated, yes, especially at newbies who want money for nothing and scammers who are willing to promise it to them, but not arrogant.
I've had to do this all by myself with no help. No mentors, no support, no positive feedback. I've had to hire an accountant via a recommendation, and a lawyer from the phone book.

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