About Startup Costs
The 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.
Business At A Glance
Mediator
Startup Costs: $2,000 - $10,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
Help opposing sides find common ground.
Business Overview
In most areas of the United States a mediator is not required to be licensed or have certificate training, making this an excellent choice for a new business venture. The duties of a mediator are to bring two opposing sides together and find common ground. A mediation service should not be confused with an arbitration service as a mediator does not rule in favor of either party, but remains neutral. The purpose of mediation is to reconcile differences between parties before litigation or arbitration is required to settle the dispute. Securing clients for a mediation service is best accomplished by building alliances with lawyers so the lawyers can refer your service to their clients. Mediators generally bill by the day for mediation services, and the rates average out to approximately $80 to $100 per hour. web resource: www.mediatorindex.com American Arbitration Association.