You might think that there is nothing much about setting up a small business because of its size. However you will be surprised with the amount of dedication that would need to be applied to it if you want to make sure that it will grow substantially and that it will last for a long time. The good about it is that you have a choice to whether spend a lot on its setup or you can just stick to the basics first, just enough to get your business going.
If you decide to do it in a more conservative way, then you can do so by making a list of all the the things that you need in order to jump start your business. Such a list should not be considered as final until you have given it much thought and time. Give it a couple of weeks and keep on refining it until you arrive to a list that is composed of what’s essential. It could include rent, office supplies and software. Examples of the last item are word processors, operating systems and accounting packages.
Not every company would need an accounting software for small business. You have to check the volume of transactions that you receive per month so that you could weigh the importance of getting this application. Generally, those who only have a number of clients to attend to per month could just take down all invoices and still survive without applying proper accounting procedures. However those who have around 50 transactions or more in a month should look into getting a software that would be able to provide them the assistance that they need in bookkeeping.
One important factor that you also have to give your attention to is the extent of change and development that your business will experience in the next two to five years. All your choices should be able to accommodate such growth especially in your choice of software. Remember that you need not change everything that you have. Just look for something that can be upgraded to something that is more advanced.