who are you?-what do you do? 8th December

YOUR COST
YOUR PRICES
PROMOTING YOURSELF
MONITORING SUCCESS

presentation of 12 slides
12 - questions and summary
1- intro side

2- who we are(name),
3a, b and c (3 slides worth) -(what we want to do)- mission statement - our vision

4- business objectives
5- audience - who are our customers
6- describe the organisation
7-resources and equipment
8-costs
9- funding

as a group we have set up a google drive presentation slide that we will all be able to edit. we ave given ourselves 2-3 slides each which we will focus on individually so we have a equal work load. we will discuss our ideas/infomation choice on our forum and through google drive.

WHAT ARE YOUR COSTS?
legal costs:- 

• setting up yourself, 
• protecting your intellectual property, 
• registering with companies house (if appropriate)(weather we can call ourselves things etc), 
• using solicitors to look at your contracts, 
• splitting profits making sure covered for insurance 

resource cost:-

• how much capital expenditure in the first year
• how much we will spend on materials, goods for sale, all down to chairs, tables, kettles for ht first 6 months (direct costs)printers ALSO INK thing about everything! 
• how much will you spend on bills and overheads for the first 6 months - (indirect costs) 

marketing costs:-

• costs of promoting your business for the first year

• promotional costs - petrol, ink, printing, wifi 

finance costs:-

• a grant? give evidence that you are eligible

• if its a start up loan- what are the repayments 

outgoings:

• overhead costs 
• insurance costs 
• preemies costs - check with insurance companies what you are liable to declare for insurance - i.e. working from home apply for business insurance so if your get robbed you claim on your business insurance to get refunded for equipment in your house etc. 
• utilities, postage and it costs 
• research and development costs - visiting places, museums galleries etc 
• equipment costs 
• material costs 
• maintenance costs finance costs 
• professional services 
• promotional costs

What is your expected income?

• accommodation (rent/morgage)
• utilities and communication 
• insurances 
• personal loan repayments 
• food 
• travel
• esteem costs 
• entertainments 
• holidays and breaks 
• savings and pension 
• etc

what are your prices?

• how have you worked out your prices? -state what your pricing strategy is
• how do your prices compare with your competitors 
• identify 3 competitors and give evidence of their prices 

total outgoings

+expected income

-----------------------   =your daily rate

working days 

365 days in a year 

52 weekends 104 days 

8 bank holidays 

20 days annual leave 

233 workings days - standard working contract 

based on 1 person working 

£15 000

+£20 000

------------  =£150.21per day  - just for a turn over 

233days 

FOR NEXT SESSION 5TH JANUARY 1PM 

drawn together all the information for presentation 

so from that point forward have everything ready for the presentation pitch 

INDIDUALLY 

do cost of living now