Again, spending the day working through the accounts for the 'Book Klub' company (notes to be blogged at a later date as a collective PDF), with the modest sales and income projections (I ensured that all commission income was at 20% as oppossed to the additional print service comission of 30% to keep the costs as minimal as possible for a "worst case" income scenario), end of year income was at a consistent loss, or extremely small profit- therefore, not realistically being able to function as a working business.
One of the most important variable factors was the business working days- calculated by the number of days we worked per week in store (5) with the addition of several factors such as bank holidays, unexpected illness, etc- details of which can be found above. With the initial calculation of 214 chargeable days, altering this amount to 251 (after an initial re-assessment, which still failed to get our final income into profit) chargeable days, the company accounts reached a profit for year one whilst, between the four of us, still being a mangeable work calendar in balance with our part-time jobs.
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