New cosmetologist starting out.Leasing or buying?

Question

Very passionate about it.

If she wants to own something HUGE.

How much would it be two rent out four to 5 floors..

How can people pay for building they want to own?are there payment options?

I want to own something like this because I have plenty of ideas..that just can't fit in a little small building next to a convenient store.I'm a person with big ideas.

People take risks,So I'm willing to take some and own something.To make my dreams come true.Whatever it takes..

What kind of savings should someone have...if they plained on having a big business.Employees ...different departments etc.

Answer 1

You have to think about the pros' and cons of each, leasing, and buying.  It also depends on what you are going to use the space for. ( will the idea fly or not?)  there's actually quite a bit of planning into something big like this.  A very good developed business plan would be a start.  You have to think about how much revenue you will bring in to help your business,  Is there anything similar in the market that you will be competing against?, You might want to start small and add on at a later date, once you get more of a good cash flow going.  As for savings, it depends on how much its going to cost to get your business off the ground .  Usually investors will want you to put in a percentage of the loan that your asking for.   There is lots of options out there, and help, you just need to research and learn as much as you can about the business your getting into.  Employees, departments....again, it depends on how much of a demand there is for your business(very busy= more employees, average= a little less) you wouldnt want to be paying employees, when there isn't much for them to do at the work.   so best of luck to you, and dont get discouraged.   If something doesnt work out, then just try it another way.... hope this helps a bit.