PPP part 2
Legal costs -setting up business protecting intellectual property, registering with companies house
Resource costs - how much capital expenditure in first year
How much on materials and goods for sale in first 6 months - direct costs
Bills and over heads- indirect costs
Marketing costs
Finance costs
If it's a grant- evidence that your are eligible
If it's a start up loan what are the repayment costs
Outgoings/costs :
Overhead
Insurance
Premises
Utilities postage and it
Research and development
Equipment
Material
Maintenance
Finance
Professional
Promotional
Expected income :
Accommodation
Utilities/communications
Insurances
Personal loan repayments
Food
Travel
Esteem costs
Entertainment
Holidays and breaks
Savings and persons
Prices :
How have u worked out ur prices
State pricing strategy
How do ur prices relate to ur competitors
Identify 3 competitors
Total outgoings
+ expected income
______________
Working days
=your daily rate
365 days yr
52 weekends
8 back holidays
20 days annual leave
233 working days in a year