When I was writing a business plan in the spring I struggled with estimating the cost of the project. I had no idea how much it would cost to hire an architect or how much the building permit would cost. I couldn’t even guess, I was so clueless. Now that we’re deep into paying people without any incoming cash, I can tell you that it adds up to a lot of money.
Let’s outline our expenses:
Lawyer- helped chose a business model, negotiated our lease
General Contractor (who pays sub contractors)
Lots of Equipment