Start up capital  

Posted by the Writer

I remember hearing from someone that someone else they know was planning to open an eatery with just 10,000 for capital. Now, being all grown up, that amount is going to be insufficient. From a conservative and ideal standpoint, a new business isn't going to make huge returns that quickly so you need to be able to sustain the business for a few months before you can expect to begin reducing debt. Start up capital needs to be large enough that you can afford POS systems, furniture, overhead (which of course includes employees' salaries, bills, etc). If you've pull with influential people, you may be able to get sponsored, especially with the computers, software and furniture. If not, request for one, see if they'll bite.


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