2007-04-06 14:46:37 · 6 answers · asked by thebodab 2 in Business & Finance ➔ Small Business
A small clothing store with a lease. How many months of reserves should you have to give the business time to get established?
2007-04-06 15:14:04 · update #1
Enough to cover inventory, wages, rent, and marketing for at least six months. If you have a business plan, your breakeven point would be a more reliable indicator. It could be less or more. Not a vague answer but hopefully helpful for your consideration.
2007-04-06 14:53:00 · answer #1 · answered by Joseph H 4 · 0⤊ 0⤋
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2007-04-07 01:44:46 · answer #2 · answered by Wijaya K 1 · 0⤊ 0⤋
It depends. Answer these questions and I'll help you out some more:
What are you selling?
How much inventory are you going to have?
Do you pay rent, own the building ect?
Are you hiring people?
Did you take out a loan?
2007-04-06 21:51:44 · answer #3 · answered by Beasty 2 · 0⤊ 0⤋
6 months worth of your projected expenses is usually a good target.
2007-04-07 00:10:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Six months to one year.
2007-04-07 00:39:50 · answer #5 · answered by Busy Lady 2010 7 · 0⤊ 0⤋
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2007-04-06 21:54:05 · answer #6 · answered by KRIS 2 · 1⤊ 0⤋