The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF.
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Inhoud geleverd door Connie Whitesell and Connie Whitesell - Business Planner. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Connie Whitesell and Connie Whitesell - Business Planner of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
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How Much Will It Cost to Start My Business? - SB010
MP3•Thuis aflevering
Manage episode 174529341 series 1317134
Inhoud geleverd door Connie Whitesell and Connie Whitesell - Business Planner. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Connie Whitesell and Connie Whitesell - Business Planner of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Find the Right Biz for You Series (Part 9) Welcome to Episode 10 of the Small Biz 101 Podcast – The 9th episode of the Find the Right Biz for You Series! We’ve covered quite a bit in previous episodes:
…
continue reading
- Self-assessment
- Generating Biz ideas
- Business Styles
- Business Cautions
- Research - Is you idea a viable one?
- What you anticipate the costs will be to start the business?
- What the ongoing costs will be?
- Determining your cash flow and – the highlight – what is your breakeven point? When will your business turn the corner into profitability.
Start-up costs
Even at this early stage, it’s a good idea to at least have a sense of these numbers. They will reveal many critical things to you:- How much you will need to begin to open the doors.
- Whether you afford the business on your own.
- Whether you need to put off starting the business for a bit while you save money.
- Should you use other sources of financing?
- Down payment, if purchasing space
- Rent, if renting space + security deposit
- Build-out Costs
- Facility equipment
- Office furniture
- Technology equipment
- Initial supplies
- Decorating
- Signage
- Lighting
- Starting inventory
- Accountant
- Attorney – his/her own fees + incorporation fees
- Business Coach
- Graphic Designer
- Website designer
- Person who comes to your location to set up your computers and phones
- Education/Certifications
- Memberships
- Professional library
- Domain name
- Webhosting
- Online Scheduler
- Online payment processing
- Advertising and other marketing costs
- Brochures, flyers
- Business cards
Cash Flow and Break even Analysis
Estimate of the gross income you anticipate generating on a monthly basis Estimate your ongoing monthly expenses:- Rent/mortgage
- Insurance
- Utilities
- Online charges
- Loan payments
- Marketing and advertising fees
- Employee salaries
- Your salary
- Ongoing independent contractor fees
- Inventory costs
- Taxes
- Maintenance
- + 15%
- How much money will you need to set aside to support the business until it reaches a profit point?
- Do you need to adjust factors around the source of your income (even changing your business model, possibly) to take your business into the black in a time frame that works for you?
- Can you cut expense estimates to meet your needs?
- Do you have enough money to start this business on your own or will you need to obtain funding from other sources?
- You
- Your family, friends, and associates
- Debt financing
- Equity financing
- Crowdsourcing
31 afleveringen
MP3•Thuis aflevering
Manage episode 174529341 series 1317134
Inhoud geleverd door Connie Whitesell and Connie Whitesell - Business Planner. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Connie Whitesell and Connie Whitesell - Business Planner of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Find the Right Biz for You Series (Part 9) Welcome to Episode 10 of the Small Biz 101 Podcast – The 9th episode of the Find the Right Biz for You Series! We’ve covered quite a bit in previous episodes:
…
continue reading
- Self-assessment
- Generating Biz ideas
- Business Styles
- Business Cautions
- Research - Is you idea a viable one?
- What you anticipate the costs will be to start the business?
- What the ongoing costs will be?
- Determining your cash flow and – the highlight – what is your breakeven point? When will your business turn the corner into profitability.
Start-up costs
Even at this early stage, it’s a good idea to at least have a sense of these numbers. They will reveal many critical things to you:- How much you will need to begin to open the doors.
- Whether you afford the business on your own.
- Whether you need to put off starting the business for a bit while you save money.
- Should you use other sources of financing?
- Down payment, if purchasing space
- Rent, if renting space + security deposit
- Build-out Costs
- Facility equipment
- Office furniture
- Technology equipment
- Initial supplies
- Decorating
- Signage
- Lighting
- Starting inventory
- Accountant
- Attorney – his/her own fees + incorporation fees
- Business Coach
- Graphic Designer
- Website designer
- Person who comes to your location to set up your computers and phones
- Education/Certifications
- Memberships
- Professional library
- Domain name
- Webhosting
- Online Scheduler
- Online payment processing
- Advertising and other marketing costs
- Brochures, flyers
- Business cards
Cash Flow and Break even Analysis
Estimate of the gross income you anticipate generating on a monthly basis Estimate your ongoing monthly expenses:- Rent/mortgage
- Insurance
- Utilities
- Online charges
- Loan payments
- Marketing and advertising fees
- Employee salaries
- Your salary
- Ongoing independent contractor fees
- Inventory costs
- Taxes
- Maintenance
- + 15%
- How much money will you need to set aside to support the business until it reaches a profit point?
- Do you need to adjust factors around the source of your income (even changing your business model, possibly) to take your business into the black in a time frame that works for you?
- Can you cut expense estimates to meet your needs?
- Do you have enough money to start this business on your own or will you need to obtain funding from other sources?
- You
- Your family, friends, and associates
- Debt financing
- Equity financing
- Crowdsourcing
31 afleveringen
Alle Folgen
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