For a car dealership, It's very important to determine how

For a car dealership

Assignment Help Operation Management

Reference no: EM132244070

For a car dealership

It's very important to determine how much cash your new business will need to open and operate smoothly. Therefore, you must know how much capital you will need in order to cover all business expenses until you will reach the break-even point. Note that your business should have enough cash to cover all projected expenses for at least six months.

In this assignment, you will create a list of all your projected expenditures. The following steps can help you get started:

First Step - List of all needed assets (equipment, furniture, fixtures, supplies, software) and people needed 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 professional charges

Third Step - Compute your monthly (min. 6 months) fixed expenses such as rent, insurance, utilities, phone, lease, health insurance, loan payments, taxes, Internet, shipping and other services,

Last Step - Estimate your salary, employees or hired contractors

Reference no: EM132244070

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