Questions

The business is selling restaurant/cafe/bakery supplies like baking machines, cooking utensils, restaurant tableware, restaurant/cafe furniture and disposables. How can I get started without holding inventory first?

You can't start a business without taking stock or having an inventory. You must know what is the capital you are investing in the business both in cash and in fixed asset. What stock are you transferring to help the start up. That's how you will be able to ascertain if you are operating at a profit or loss.
I would suggest you create a ledger (a book) where you list every dollar that you are putting in. This should include petrol, stationary, salary etc. Keep your receipts because every expenditure must be accounted for .
I would also suggest that since you are new at it set your inventory schedule where you can do regular stock count. This would give you a clear understanding and an early sign when things are not going as planned.
Hope this help. I would love to have a further dialog with you. Fell free to schedule a call so both of us could discuss further.


Answered 3 years ago

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