FINANCE: HOW WILL I PAY FOR ALL THIS?
In chapter 11, I have drawn
up a checklist of the essential needs
of my new business and have
made decisions on such things as
whether to buy or
rent and get new or used equipment or machinery.
This list of decisions will
affect the initial start-up costs.
Putting a price on the
various decisions I have made, so far, will
help me make further
decisions, when I compare the total costs with
money I have available.
Then, I will be faced with
the questions: where will the money come from? Can I get more if I need it?
From what additional sources. If
not, what items in my list
can I do without and still operate
Depending on my previous decisions, I am faced with three
alternatives that support my choices:
Start from zero.
Buy an existing business.
Buy a franchise.
Each one of these choices implies different costs, and,
to my earlier decisions, I will look at the one
confirms my choice. In each case, I will draw up a work
put my numbers down, add them up and compare with the
have available and that I know I can raise through partners
through borrowing. These costs will be split between
Capital Costs and the starting costs relating to
lists are not complete, by any
means, but they are offered as
guidelines. It is up to me to
complete them according to my needs,
helped by my
knowledge of this particular business.