My Shoe Business - Capital :-: 2 of 2

Is it possible to start our shoe business without capital?

Yes, YEs, YES!

Our shoe business requires 45,000/= capital to generate 15,000/= profit, i.e. 33.33% return

We need to sell 50 pairs of shoes with a break even of 25 pairs

How do we raise the 45,000/=?

1. We can save 1,000/= a day for 45 days, and lose 22,500/= profit?

2. We can borrow 45,000/= and reduce our profit by the loan interest, how much interest are we willing to pay?

3. We can partner with other(s) and share our profit based on our shareholding, are we willing to share?

Which is better and how do we pitch our business venture to attract capital?

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My Shoe Business - Sales :-: 1 of 2

My business toolkit will allow me to determine my break even units,

i.e. the number of unit sales I need to make to break even.

Example

1. I sell 50 pairs of shoes per month - target sales

2. Each pair sells at 1,500/=

3. My purchase price + other direct costs, per unit is 900/=

4. My fixed costs, rent + utilities, is 15,000/=

5. I need to sell 25 pairs of shoes to break even.

Download and try your business toolkit at no charge

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