1. Startup Expenses
Breakeven Point

2. What do I need to get started?
What equipment is needed?
Any licenses needed?
Any remodeling of location?
Development of a website?
Utilities, Phone, internet, insurance, rent
Lawyer fees, business license
How much money will I need to startup my business?

3. How much business will I need to breakeven?
What are my monthly fixed costs?
What are my monthly variable costs?
How much do I anticipate each customer or transaction to spend?
How many customers do I need to breakeven?
How many customers do I need to provide us with a reasonable profit?
Is this realistic when compared with the industry and local market analysis?

4. Breakeven Point (Net Rev per Unit x Units) = Fixed Costs Net Rev
Profit
Fixed
Costs
Loss
Units
BEP

5. Assignment
Create the list of what items you need prior to opening your doors.
What are the associated costs.
What are the costs you will incur whether you sell one or a hundred products?
What are the costs which change based on the number of products you sell?
How many products will you need to sell monthly to cover your monthly costs after you start the business.