I spent $50 on a tamper bit set at grainger, a few months later I discovered one that would have done the job (the exact same kind I had at Hobart) for $15.
To be frank and blunt, when I started I was just so caught up in the "cool factor of owning a business", that I really didn't pay much attention to where the money was going. When the bank account started to get low I snapped out of that mode of thought really quick. Now every expense, not matter how small gets mulled over to the fullest before I write any checks. When it comes to insurance, I don't want any unnecessary bells and whistles, I just want the coverage I need at a minimum cost. In 2013 I resolved to treat my business more like a business, and less like a glorified hobby.
And now, I'm happy to report that the bank account is slowing inching back up.
On a different note, I stopped by the insurance office today, she is going to work up some quotes for me. I hope to hear back later on today or tomorrow.