To determine how much money you'll need in order to start your business, I recommend putting together a business plan. The research you'll put into your planning will show the startup costs and monthly operating expenses involved in running your retail store. It will also show how long until your business reaches a break-even point.
Your list of start-up costs should involve everything you need to open your doors. This includes fixtures, equipment, initial inventory, office supplies, fees and permits, and so on.
The operating expenses are what you'll need to meet until your business reaches break-even. Monthly expenses include rent, phone, wages, utilities, taxes, advertising, inventory, insurance and anything else to operate your business on a daily basis.
When it comes to borrowing money for your business, the cost of financing a start-up business is usually directly related to the amount of risk involved. The higher the risk, the more expensive the venture.