What is the basic finance I need in starting a business most likey in the renewable energy sector?
solar, wind and geothermal to be precise.
What i mean is the finance processes like cash flow generation and the like not the actual financial outlay.
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June 3rd, 2010 at 6:54 pm
So as to have a million left over to take to an off shore tax haven get 2 Mill to start off the business. Shouldn’t take you long to loss half of it in that venture.
Renewable energy won’t make money until the US signs up for Carbon tax
June 3rd, 2010 at 7:29 pm
sorry the question is too vague. you need enough to buy or build your products, or perform your services for at least two years before you make a dime, and enough money to live on while you do it. that is the best i can tell you without more specifics.
June 3rd, 2010 at 7:32 pm
Sounds as if you may be going to buy into a scam.
If you want to go into a high risk business area that requires lots of R&D and don’t know the answer to basics such as how much finance you need – DON’T!
Generally for a new business reckon on not earning a lot for about 1 – 2 years!