The Testing Psychologist Podcast

514. What It Really Costs to Launch a Testing Practice (and How to Pay for It)

Jun 2, 2025
A practical breakdown of what it really costs to launch a testing practice, from legal setup to assessment kits and secure tech. Lists lean, moderate, and premium budget scenarios and highlights hidden fees that often get overlooked. Covers creative funding routes like 0% APR cards, small business loans, grants, peer lending, and bootstrapping.
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ADVICE

Plan Office And Tech Costs

  • Plan office and tech costs including lease, deposit, furniture, and computers before signing anything.
  • Typical startup range for office and tech is about $2,000–$7,000 excluding rent variations and deposits.
ADVICE

Be Strategic With Test Materials

  • Be strategic about assessment materials: buy only core paper kits and use digital platforms to save upfront.
  • Budget roughly $5,000–$6,000 for starter test materials, iPads, and some paper kits.
ANECDOTE

Telling His Wife About Startup Costs

  • Jeremy recalled telling his wife he needed $12,000 to start and her jaw hit the floor.
  • His story illustrates how intimidating real startup costs can feel at first.
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