Now that you are ready to start your pop-up, you’ll need to make sure the “Start-Up” phase is effective and efficient. The following is a guideline to help you determine your readiness level! How much will you need to get the pop-up shop up and running?
Starting Capital
- Beginning Capital (your own money)
- Love Money (from friends and family)
- Corporate or Other Sponsorship(s)
- Community or Government Bursaries
- Total Start-Up Capital
Starting Expenses
- Rent
- Inventory
- Store Preparation Costs
- Advertising / Marketing
- Staff
- Point of Sale System
- Petty Cash
- Total Start-Up Expenses
Your total start-up capital should be more than your total start-up expenses so that you have extra funds for miscellaneous and unexpected costs when operating your pop-up shop.
Operating Revenue
- Sales
- Service (if applicable)
- Total Operating Revenue
Operating Expenses
- Rent
- Utilities
- Insurance (commercial, tenant, property, etc.)
- Point of Sale (if it’s a recurring expense)
- Merchandising (beyond the start-up expenses)
- Inventory
- Marketing (beyond the start-up expenses)
- Legal Expenses
- Accounting Services
- Banking Fees
- Employee Wages
- Equipment and Furniture (beyond the start-up expenses)
- Website (if applicable)
- Miscellaneous
- Total Operating Expenses
Your total Operating Revenue each month should be significantly higher than your total Operating Expenses for the pop-up shop to be sustainable and successful.
