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Cost of Accountant to look at business viability

  • 28-02-2011 9:34pm
    #1
    Oasis678
    Registered Users, Registered Users 2 Posts: 91 ✭✭


    hi guys i am looking at starting a business and will need to borrow money to start it.Could anyone advise how much would it be to have an accountant to look at the operating costs and income and help me decide if the business model would be viable. Need this done as cheap as possible.
    Many Thanks in advance


Comments

  • #2
    ir555
    Registered Users, Registered Users 2 Posts: 116 ✭✭ir555


    got one done last week from a well recommended accountant here in the west.

    it was free as it was an opportunity for him to sell me his services.

    lasted about 40 mins and we will be taking up his services.

    everyoen done well in the end and there was no need to charge for the inital consultation.

    D


  • #3
    trueblue1
    Closed Accounts Posts: 1 ✭trueblue1


    Hi

    I would have no problem sitting down with you to look at your business proposition and it's potential viability,at no charge.

    I have sent you my details by pm.


  • #4
    Sposs
    Registered Users, Registered Users 2 Posts: 2,472 ✭✭✭Sposs


    Is this not something you can do yourself easily?

    If sales generated exceeds the captial cost of producing then the company is viable otherwise it's not or am i missing something?


  • #5
    Oasis678
    Registered Users, Registered Users 2 Posts: 91 ✭✭Oasis678


    Hi Sposs i am looking for someone to look at figs in more detail and also look at different scenarios i.e if sales were less than forcast and profits are less than forecast would model still be viable. in the current climate it is only guesswork for me to assume that my sales target will be achieved. also the margins involved could be subject to change so that would need to be taken into account. perhaps i am being a bit cautious but if borrowing money would need to be spot on.


  • #6
    ssbob
    Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭ssbob


    Oasis678 wrote: »
    Hi Sposs i am looking for someone to look at figs in more detail and also look at different scenarios i.e if sales were less than forcast and profits are less than forecast would model still be viable. in the current climate it is only guesswork for me to assume that my sales target will be achieved. also the margins involved could be subject to change so that would need to be taken into account. perhaps i am being a bit cautious but if borrowing money would need to be spot on.


    Hi Oasis,

    If you want to PM me some details I can forward on my e-mail address, I would have no problem doing up a basic breakeven analysis for you and then at least that will give you some guidance.

    If it's something you then need to pursue in more detail you can go into a local accountant.

    Regards


    Bob


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