In order to make a precise estimate or if you are thinking of  getting a loan you will definitely need a business plan. Most banks have  specific business plan requirements.

In the plan you are going to include all the information we discussed to this point and some extra information:

By this time you should know:

How much shadow eventually you will have on the space you will be using, the estimated cost of the project (do not forget +20% of the estimated investment in cash),

If everything is fine and according to the business plan your investment should return in less than 10 years then you can proceed with accomplishing the project.

Join the forum discussion on this post - (1) Posts