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re: Starting Your Own Business: Early questions
Posted on 1/14/14 at 3:30 pm to BugAC
Posted on 1/14/14 at 3:30 pm to BugAC
quote:Investors. Structuring debt/equity agreements that benefits both parties, bank loans, personal savings.
What did you do, right at the beginning, for money?
quote:Simple answer, debt. If you don't have enough cash flow to pay yourself, debt is necessary. Keeping personal overhead as low as possible before start-up is obviously advantageous.
"How do I pay myself before i even start making money? What replaces the loss of a steady paycheck?"
quote:
Does some of the loan money go towards paying yourself?
Yes, you should definitely include this in your business proposal if you don't feel you will be hauling in the cash early on.
This post was edited on 1/14/14 at 3:32 pm
1
Posted on 1/14/14 at 3:35 pm to LSUAfro
quote:
Yes, you should definitely include this in your business proposal if you don't feel you will be hauling in the cash early on.
Start-up costs for a brewery are fairly large, from what i've read. Brewhouse equipment is costly.
Thanks for the info. I had an idea, that's what i'd have to do.
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