If being in business for five months has taught me anything, it’s that random, unexpected expenses seemingly pop out of thin air. Being a freelancer or a consultant never yielded these types of miscellaneous fees, but the minute you incorporate? Hello pocketbook, goodbye paycheck.
These types of things, of course, are never things that will be detailed in school courses or business classes. They’re mostly the types of things that are brought up in the middle of the 20th call to an insurance broker at 2pm when you haven’t eaten a drop of food all day. “Right, we’re all set on the business liability. Errors and omissions coverage? Um, yes, we’ll need that too. Oh? That’s going to cost three times the annual cost of liability? Excellent. I’ll go update my P&L statement.”
But what can you do besides pulling up a potential leads list and start making phone calls. At least these unforeseen expenses push me to chase after more business. And that’s always a good thing.
