Give me a flippin’ break!
Patrick’s an IT worker with a dream. He wants to open a burger shop that’ll wow his customers.
He needs around $30,000 to kickstart his business, some of which he’ll get from his savings, but he wants to keep some in reserve.
He’s estimated his first year’s expenses at around $100,000. This will include rent, marketing, and supplies.
He’s lucky enough that he doesn’t need to take salary for the first year, so that’s taking a lot of pressure off.
Cookin’ with gas!
Patrick signed up for Sinch BizStart, and is smoothing $100,000 of expenses for the year.
He’s paying an installment of just over $2,000 each week, including the Service Fee.
He uses his cashflow buffer of $20,000 to cover the new equipment he needs, including a new grill and fridge, as well as the rental bond and insurance.
His suppliers are happy, because they get paid early, and they’ve started throwing in a few extras to say thanks. He can now focus on making awesome burgers and creating a loyal base of customers.
Patrick receives a report each month showing him how he’s tracking, and which bills we’ve paid for him.
CONTACT US
A.C.N 637 126 697
11 York St, Sydney NSW 2000