Re: Crossfit Business Plan
Do either of you have a current job that can pay for your personal expenses? Most small businesses plan to not pay themselves for 6-12 months. That's why you start with SAVINGS.
Good luck getting a loan that the bank will allow that consists of paying you a salary. The bank will not consider your first year salary a "business" expense. That's not going to happen.
I would suggest one of you finds or stays at your job for a little longer and save money to help get you started.
On the other hand, you can also start in the part with no overhead except equipment. Which right now sounds like your best option to get started. Generate alittle money, and some buzz about your product. THEN, find a place when you need it. It's getting warm now down South, the weather shouldn't be a problem much longer. Some people feel that starting that way is "beneath them", but it beats the hell out of not being able to keep the doors to your business open in the first place.