Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Paddle

paddle.com

5,629

Availity Revenue Cycle Management, Clearinghouse, Provider Portal

availity.com

40,055

Sherweb

sherweb.com

69,126

ESDS

esds.co.in

101,894

Solutionreach

solutionreach.com

103,338

Vitelglobal

vitelglobal.com

120,824

Web Hosting Providers & Business Web Hosting Solutions

hostreview.com

130,877

Comarch

comarch.com

137,234

Hakimi Solutions

hakimisolution.com

192,978

DataTrans Solutions: EDI Service Provider & Software Solutions

datatrans-inc.com

276,229

Magellan Solutions: SME Call Center Services

magellan-solutions.com

392,620

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a business solution provider costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a business solution provider can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

No overhead costs

To get your business solution provider started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Crowded Space

Competition is high when it comes to your business solution provider, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Longer Sales Process

A business solution provider can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a business solution provider, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a business solution provider, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a business solution provider, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a business solution provider, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.