It's very important to determine how much cash your new business will need to open and operate smoothly. Therefore, you must know how much capital you will need in order to cover all business expenses until you will reach the break-even point. Note that your business should have enough cash to cover all projected expenses for at least six months. create a list of all your projected expenditures for an online tutoring business . The following steps can help you get started: First Step - List of all needed assets (equipment, furniture, fixtures, supplies, software) and people needed to start and operate your business Second Step - List startup costs for inventory, marketing, sales, permits, needed market research, licenses, certificates, initial investment, legal fees, or professional charges Third Step - Compute your monthly (min. 6 months) fixed expanses such as rent, insurance, utilities, phone, lease, health insurance, loan payments, taxes, Internet, shipping and other services, Last Step - Estimate your salary, employees or hired contractors Include a table with all projected monthly expenditures for at least 6 months Briefly explain your Start Up Costs items