Think about your business in terms of start up costs.
Do you have capital? Where is it coming from?
Do you have investors? Are you applying for grants?
Put together a financial budget for your start up. Keep in mind the following:
Licenses
Business forms
Permits
Rent
Salaries
Utilities
Marketing
Supplies
Equipment
Fees
Insurance
Inventory
What is your start up revenue and at the end of the first year, will you break even, have a profit or a loss?
Put together a draft of your first years anticipated cost which highlight all expenses and projected income, PLEASE USE MS EXCEL . Establish your break even
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