I want to open a small Business, A dollar store in fact and just cant get the financials right need help!? -

I can figure out rent which is 8000 dollars for 8000 sq ft wages will be about 4000 a month for my employees utilities about 1500 and loan payment about 1200 and then there is inventory? I guess i would make 25000 dollars or more a month but how do i make money? I want about 7000 a month for me that nice income but it just doesn t fit how long until i make money even after the loan is paid of the numbers still don t fit? If mark up is 50% i need 12500 inventory a month to make 25000 but you never sell 100% its more like 80 at best that means i need 15000 dollars of inventory each month to make about 25 grand. Even if i cut back employees it wont matter i don t get how i would make money in any Business? they say small Business owners make on average 215,000 grand a year that s what i want but would gladly take 50 grand any experts to help a novice like me? ive done some research and it might be possible that 12500 dollars of inventory amounts to Much more than 12500 sku or units it might be much much more like 20,000 items this would make sense am i right?

Why not get help from a Small Business Development Center (free) http://sbdcnet.org/or from SCORE (also free, though they try hard to sell you their classes) http://www.score.org/index.html

one thing you most certainly need this day and age is a website.i got mine from these people.http://www.a10web.co.ukvery cheap and affordable web designvery friendly people..

Do yourself a huge favor.... and work as a cashier or assistant manager in a small convenience store for at least 6 months to a year.You can probably convince a private owner of a convenience store that you want to work for him in order to learn the business. (otherwise he will send you away because you are overqualified...)Even if you just spend 6 months working in a real store and can manage to learn what it takes to run such a business.From cash flow to doing the books and especially how to manage to make a buck.... you have so much to learn.... don t try this without any previous experience or know how...Find a store that runs well and work for the owner and learn what you can before you try this on your own.