Starting up  a business of your own is a great way to take charge and be your own boss, whilst doing a job that you are passionate about. But being prepared and planning ahead is essential.

Here are some of the expenses that you should think about before starting up…

Insurance – Whatever premises you have or whatever type of work you do, there are certain types of insurance that you will need to protect you and your business. Types of insurance that you might need include public liability insurance, business equipment insurance and employers liability insurance.

Equipment – You will need certain equipment to run a business, and you will need to make sure that you have the right equipment and work out what the cost of this is. It may be that you will be able to get some equipment second hand for a lower price which could save you some money.

Marketing – To ensure that you are spreading the word about your business and letting people know who you are, you need to invest in marketing. Digital marketing will reach many people, and includes managing your social media accounts as well as making sure that you have a professional website. Go to someone like this web designers Northern Ireland based company for help with this.

Bills – You will need to pay bills as a business no matter where you are based. As well as things like utility bills and rent, you will also need to be aware of taxes that you will be required to pay.