To project your retail business's financials, start by calculating:
Startup costs: Calculate initial expenses such as inventory, equipment, and leasing space.
Ongoing expenses: Estimate monthly costs, including rent, salaries, and utilities.
Revenue projections: Forecast monthly sales based on realistic targets and pricing strategies.
Break-even analysis: Determine when your business may start turning a profit.
Tools: Use financial software or spreadsheets for organization and regular updates