NEVER skimp on business cards! It's not worth it. I can't believe how many people out there are using inkjet business cards - They are ok for some temporary ID occasionally, and to check out your design before going to the printers, but that's all.
Same with your website, logo and so forth. How can you expect a customer to take your business seriously if you don't? I don't know how many people I sent walking as an IT manager because of things like this. You can only get away with it if you have absolutely no competition at all (which is unlikely), or the client is sloppy as well.
A corporation usually expects people to be as professional as they are. If they go on a handshake, you can too. But if they want to hold a 2 hour meeting and ask you to send documents for review to the legal department and have embossed business cards, then that is how they want to be seen, and how they expect their partners to be (birds of a feather). Forget this and you can get very embarrassed. Be at least as professional as your clients.
To many people, skimping also means you aren't sure that you will be in business later on and don't want to invest in your own company. Why would they want to invest in you if you don't? BTW, the "you" I'm talking to here is not Deb per se, but every small business startup. It's so frustrating watching wasted potential!
One (of several) "I have no money but need to start up" Checklists:
1. Forget the business card for now unless you can afford really good ones (Not gold plated, but quality - raised ink, etc) No clip art.
2. Write up a one page services agreement in plain english, and a payment structure.
3. Get a client through a friend/non-profit/etc. Do it for free if necessary - the payment structure helps you focus - it's a guideline, not a law. If you are uncomfortable charging, try telling them that you need $100 for business cards because you are just starting out (works great with NPO's - not so good with established businesses)
3. Do a great job on the site. Once they are happy, give everyone there who will take it a business card (remember the $100?) along with a "cheat sheet" of what you do (not a brochure, unless it's Grade A)
4. Now review your services agreement and change it to reflect what you just learned.
5. Get another client - this time charge them for something else you need. Like a trade name registration and a business bank account - usually $150. Do not incorporate at this time! If you want I'll post reasons for that later. Just don't.
6. Lather, rinse, repeat for a while

Everytime you finish a client invest into the business - buy a copy of your fav SEO software or what ever. (or pay yourself back for buying it).
7. After a bit you will be profitable and won't need the rest of this checklist, so I'll stop now.
Bottom line - invest in your business and so will your clients. People notice and react to quality.
On contracts - I've noticed several people on several forums here mentioning contracts and guarantees and other legal documents. Since I'm a lawyer, obviously I don't have a lot of problems myself, but I was wondering if it would be worth it to make an
SEO Legal Kit or some such, with sample contracts, invoices, and so on. Would anyone here be interested in this, or would it be a waste of my time? And what would you want in it?
Ian
(I'm hope that didn't come across as commercial - not intended that way)