• Are you tired of working from home and struggling to decide whether to rent a physical shop?
• Want to grow your business, but worried about the financial costs and taking on debt?
• Do you need help writing your business plan and don't understand how much revenue and profit are required to cover the commitment?

In this episode, I will show you the key figures you need to consider before committing to a physical shop, including revenue, profit, savings, set-up costs, and cash flow forecast.

I share my experience of building my online business before taking on (renting) a commercial premises of 386 square metres, which I turned from scratch into a massive, state-of-the-art Hair store and Beauty Salon, one of its kind in town.

What You Will Learn:

• Why it is critical to know your numbers.
• What to include in your business plan, cash flow, and financial budget, and why it helps you make better decisions.
• How to understand your numbers and what to look for when checking your affordability.
• The important questions to ask before renting a shop and how to look beyond the rent when considering the bigger financial commitment.

It will change the way you look at your numbers and help you make better decisions before you rent that shop, friend!

So you can understand what your business can actually afford and when to make the strategic move.

Hope you are ready?

Grab your favourite drink and notebook; let's get down to business.

Next Steps:

👯Become an Insider https://www.simplifyonlinebusiness.com/insider

⏰ Get your planner to save time and energy. Plug in your schedule and free up time, up to 20 hours per week. Save 15% with code: Simplify Online Business. https://bit.ly/m/GiftZion

💷 Spending Too Much on Bills? Bundle up your household costs and start saving in just a few clicks >> https://bit.ly/Savetimeandmoney

💙Join the Facebook Group https://www.facebook.com/groups/simplifyonlinebusiness

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18 | RENT SHOP SERIES: No Business Plan? 3 Ways to Track Profitability and Financial Budget Using Your Revenue and Expenses (Part 3)

17 | RENT SHOP SERIES: Protect Your Revenue & Work-Life Balance, Mama! 7 Questions You Must Ask Before Signing a Business Property Lease (Part 2)

16 | RENT A SHOP SERIES: Should I Rent a Retail Space? 5 Mistakes to Avoid + Business Plan and Revenue Tips to Save Money (Part 1)

3| Don't Know What to Sell? Simple Business Plan to Clarify Your Ideas and Grow Your Income (Part 2 of 3)