Business, 02.08.2021 02:50, nevaehkb

With your personal finances taken care of, you feel prepared to open your flower shop. You secure a small business loan for $60,000. You want to spend $30,000 of that loan renovating the space for your shop and $15,000 on equipment needed to store the flowers and create arrangements. Rent will be $700 per month or $4,200 for the first six months the shop is open and utilities will be approximately $76 per month or $456 for the first six months. You also want to spend $2,000 on flowers and supplies to stock the shop for the first month and $600 per month for the next five months to restock flowers and greenery.

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With your personal finances taken care of, you feel prepared to open your flower shop. You secure a...