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About Startup CostsThe startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.![]() If you can decipher legal jargon, consider becoming a paralegal. Business OverviewIf you've always wanted to be a lawyer, then this could be the business for you. As a paralegal, you can't give legal advice or defend anybody in a murder trial, but you can complete simple documents and forms for individuals and attorneys, then take those papers down to the courthouse and file them. You'll help lawyers with small practices by taking over the work that would be done by legions of assistants in a large law firm, and you'll lend aid to individuals with matters like evictions and simple divorces so they don't have to pay those high attorneys' fees. The advantages to this business are that you get the charge of life in the law lane without the slavish hours you'd find in a corporate firm, and you have the satisfaction of helping your clients through the maze of the legal system. You'll need a strong background in all matters paralegal; good communication skills; and excellent grammatical, punctuation and spelling abilities--no judge (or client) is going to be impressed by a mistake-riddled document. In addition, you should have terrific organizational skills and be a good time manager so you can pump out those documents in plenty of time for court dates and filings.The MarketYour clients can be individuals and attorneys with small firms in need of assistance. Your best bet for getting business from legal eagles is to send sales letters and brochures, then follow up with phone calls. Join local legal associations and network in professional and civic groups. To attract private clients, place ads in the Yellow Pages and local newspapers and get yourself written up in your local newspaper.Needed EquipmentIn some states, you'll need a paralegal certificate or liability insurance--check with your local business licensing agency or department of corporations to find out. You'll need a computer with a laser printer, a fax machine, the usual suite software and special software for completing routine documents like wills, evictions and divorces.Related Business IdeasRelated ArticlesHow to Freelance Your ExpertiseIf you're tired of being on the employee treadmill, now may be the best time to consider freelancing your hard-earned skills.
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