|
A.
It sounds to me like you
will have difficulty attracting traditional investors. Before
making an investment most investors carefully examine their
bottom line profits. It sounds to me like a business that will
only be open two days a week will not net enough to cover it's
expenses. That said, (if you are serious you will need to prove
it) I would begin by creating a business plan. Nothing formal-
just gathering a list of employees who would use the service and
the price they would be willing to pay (this is your revenue
section). Then you need to find out what it will cost to pay
rent, staff, liability insurance and other expenses or start-up
costs such as toys, etc.). If you see that you will not be
profitable (and still want to pursue the dream) you may want to
consider applying for a small business loan or contacting local
churches, synagogues or YMCA's for help.
Hope this helps. Good
luck!
About
the PowerHomeBiz.com Guide:
Lisa Segal is a
New York State licensed Certified Public Accountant. Prior to
founding Convergence Consulting Group, she was the CFO of Retail
Promotions, LLC, a developer of patent-pending technology in the
retail space. Ms. Segal was a senior consultant at KPMG Peat
Marwick, where she developed and implemented financial
strategies, global restructurings, initial public offerings, and
spin-offs for many Fortune 500 clients, including Pfizer, Pepsi,
Fuji and Carl Icahn/ Lowestfare.com. Ms. Segal earned a Bachelor
of Science with honors from the Zarb School of Business at
Hofstra University and a Masters in Taxation at C.W. Post.
The opinions expressed in this column
are those of the author, not of PowerHomeBiz.com. Users should not treat the
Guide's response as legal, accounting, or professional advice as all answers
are intended to be general in nature. Such advice can only be properly given
by qualified professionals who are fully aware of a user's specific
geographical areas or circumstances, such as an attorney or accountant.
|