About this lesson
In this workshop we'll help you get an idea of how much money you'll need to get started and how much you'll be able to make. We will show you how to assess various situations using financial templates you can download.
How much does it cost?
These lessons are provided free by New Zealand Trade & Enterprise.
Why you should do it
You need to know earlier rather than later if you can afford to start your business. This workshop will give you a clearer idea of how much money you are going to need. Then you can work out how much you don't yet have and how long it will take you to gather the funds required. It will prevent you starting too early: being undercapitalised is one of the main reasons people fail in their first few years, so don't let this happen to you.
Who should complete it
People that have a business idea and wish to move to the next stage of determining if they can afford to start.
What you will end up with
•
An estimate of how much money you'll need to start your business, plus some useful templates to calculate your specific funding requirements.
•
A revenue calculation Excel template for accommodation businesses.
•
A revenue calculation Excel template for retail or service businesses.
•
A template to conduct an initial feasibility study on your idea, set-up costs and profitability