How to Be a Personal Concierge

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

You need a special bank for your startup business needs. Search our Best Banks for Small Businessesdatabase to find one that best suits your business.