Thread: What expenses do I need to take into account?

Hello everyone!

I live in Japan and I'm on the path to start up a Fastlane-style business here. I'm not amazing at Japanese though, so I need to rely on people who are, and understandably, that cuts into my income.

I'm in the phases right before launching, and I'm "hiring" my first salesman. I offered him a decent pay, though it's by no means generous. We talked today and he's asking for a more generous bonus package, which is understandable to me. I've been good friends with him for a long time, and I know he will do a great job, so I'm okay paying him a bit more. Only thing is, I don't know exactly what all my expenses will be.

Can you help me think of things I will need to be paying to run my company? It is basically a website where I connect buyers and sellers, and I will be charging a vendor fee for companies who are advertising. (Without my salesman friend, I will never get any vendors on to the community!) These are the only expenses I can think of:

-Taxes on income
-Maintaining the website/hosting/domain
-Paying my sales guy
-Setting up the corporation and the ongoing fees associated with that
-Accountant/Tax advisor

What are some other things I need to take into consideration?

Thanks in advance!

Healthstatus, thanks a lot for your input! I will sit down and calculate these out. Might just make his commission a bit lower until we reach a certain sales point that allows me to safely cover all these expenses, then give him a much higher commission after that point.