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Also what kind of insurance do you need for a retail business like this? How bad is it, or will it depend on the size of inventory and security and such?
Have you thought of seeking help form an accounting professional?
It's hard to explain it all in a posting, but my business prepares financial projections for our clients. Please visit my website (JasonTees.com) if you are interested and fill out the contact form - - someone will get right back to you.
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I have been working on my business plan for a while now for a clothing and accessory retail business in the local mall and have been stopped up several times because I don't know how to calculate estimated business earnings, or other financial statements, including balance sheets, and figuring my break even analysis. Does anyone know how to figure these kinds of things out, or more or less where can I get the information to figure it out?