For instance, opening a McDonald’s franchise can cost you $1 million, whereas beginning a social media consulting firm could price lower than $10,000. Don’t purchase poor-quality gear just because it’s cheaper — you’ll lose time and money making repairs and ultimately need to buy new equipment. And ensure your web site and promoting campaigns are professional-looking and effective. Try to keep complete travel prices to an absolute minimum so that you simply can allocate your revenue toward greater expenses, like payroll and hire. And to make some returns on all that time on the street or within the air, consider using a travel business bank card, which might earn you factors and miles for each dollar you spend. If you do should travel frequently, hold the nonessentials like enterprise class tickets to a minimum.