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What expenses do I need to take into account?

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treinjapan

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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!
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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