Planning to start a coffee business
Hey all,
I am planning to start a small coffee shop in my city. I am a big fan of espresso. So, I thought why not sell it. There is great happiness associated with doing a business that you like. But the thing is, I am not on a big budget. I know that if we are going to start a business, it is crucial to keep aside some liquid cash to fund the business at least for a year. But, since I am new to the business, I don't know how much liquid fund should I have to keep aside. Usually, commercial espresso machines cost $6000 and, I will need another $5000 to invest in property and furnishing. So, I have a total investment of $15000 in my hand. How much of it should be kept aside? Can someone please give me a rough estimation of how long it will take a business to grow? And, in case if I want to finance the machines and other equipment, what are the best options available for me?