Tressie's niece wants to open a boutique household goods store. Tressie has read her business plan and is quite impressed. She is considering acting as an angel investor and giving her niece the $10,000 she needs to secure the retail space and some of the inventory for her store. What kind of budget should Tressie ask to see before making her final decision?
Before making her final decision, Tressie should ask to see a detailed budget that outlines the expenses and projected revenue for the boutique household goods store. The budget should include estimates for various costs such as rent for the retail space, inventory purchase, store fixtures and furniture, utilities, marketing expenses, employee wages, and any other operational costs. Additionally, the budget should also include projected sales figures and expected profit margins to give Tressie an idea of the store's potential profitability.
