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Included in your start-up costs are licensing fees, insurance, and other legal requirements; rental terms for warehouse space, your initial inventory, your initial marketing, and business recruitment efforts, and hiring employees. Don't forget start-up marketing costs, including your online shop and advertising, and ongoing marketing costs.

Once you have this number, Move on to your expected operating budget. Operations should include shipping goods to retailers or consumers, cost of goods sold, employee salaries and benefits, ongoing warehouse space rent or maintenance, and anything else you need to run your business. SCORE recommends budgeting for at least one year of operating costs before starting.

Next, you need to work out how long it will take you to break even. Part of this depends on your current financial situation, but sales projections also play an important role. If you forecast reasonable sales targets, you will have a plan for success and an idea of how much capital you need to raise to make your wholesale business a reality. https://www.topdowntrading.co.uk/

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