I sat down and attempted to total how much personal money I have spent on acquiring this business.
Other than the purchase price these are some of the expenditures I’ve had to eat so far:
- $23.21 – Dinner with accountant
- $32.92 – Dinner with lease expert
- $331.7 – Corporation registration
- $49.5 – Trade name registration
- $100 – Lunch with industrial designer friends
- $147 – Building sign permits
- $162 – Business license
- $117 – Corporate cheques
So far that’s a total of $963.33. Pretty soon I will need to spend some more money on things like:
- $50 – Corporate seal for documents like the lease
- $700-1000 – Conveyancing and legal work with lawyer
- $100-200 – Rebranding including a laser cut sign and sandwich boards
There are probably going to be more expenses that I can’t foresee right now but I should be fine. Other than paying for employees and all their deductions and other operating costs like rent and supplies I’m basically ready to take possession of this place.
On Wednesday I’m meeting with two young ladies that are interested in working for me part time. I’m taking them to lunch so I can throw that up on the expenses list then 
Speaking of dinners, I highly recommend offering to take family friends who are accountants or lawyers out for dinner or drinks if you need advice. It is much cheaper than having to hire them professionally and if you’re doing something interesting they will most likely be happy to get a free meal in exchange for a chat. That reminds me, I need to send some emails and let people know how I’m doing.