Startup costs for a personal concierge business are estimated to be between $2,000 and $4,000, if you already have a computer and other office basics. If not, the figure could be considerably higher, depending on what kind of computer system and other office supplies you choose to buy.
Since it's a service-based business rather than a product-based one that calls for inventory, starting a personal concierge business doesn't require a large financial investment. In fact, much of what you'll need to be a good concierge can't be bought--for instance, the contacts that come from long-term business relationships with the right people. You can't put a price tag on those contacts, but having them puts you well on the way to success.
You'll still need all the basics, though. Here's a rundown of what you'll need to get your business off to a roaring start:
- A good computer system with a modem, Zip drive and printer
- Software for accounting and contact management
- Fax machine
- Phone with two or three lines
- Answering machine or voice mail
- Pager
- Cellular phone
- Office supplies and stationery
- Internet access
- Website
- Insurance
- Legal and accounting services
- Startup advertising
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