It's very important to determine how much cash your new businesswill need to open and operate smoothly. Therefore, you must knowhow much capital you will need in order to cover all businessexpenses until you will reach the break-even point. Note that yourbusiness should have enough cash to cover all projected expensesfor at least six months.
create a list of all your projected expenditures for acar dealership. The following steps can help youget started:
First Step - List of all needed assets(equipment, furniture, fixtures, supplies, software) and peopleneeded to start and operate your business
Second Step - List startup costs for inventory,marketing, sales, permits, needed market research, licenses,certificates, initial investment, legal fees, or professionalcharges
Third Step - Compute your monthly (min. 6months) fixed expanses such as rent, insurance, utilities, phone,lease, health insurance, loan payments, taxes, Internet, shippingand other services,
Last Step - Estimate your salary, employees orhired contractors
Include a table with all projected monthly expenditures for atleast 6 months
Briefly explain your Start Up Costs items
