Re: Opening up a Lounge
One thing that is not mentioned in your startup costs are your living expenses. If you plan on this being a full time job for yourself (and anyone else) you will have to build in your personal living expenses into your plan. Some business models call for 6 months to 1 year of personal living expenses to be set aside, so that all profits actually generated by the business are put back into it. Some plans also set aside operating costs for 6 months or more.