Enterprise//Finance to work on.

A collective list of the finer details in terms of finance that we need to work on for our marketing and business plan in preparation for our group presentation on the 28th February. Sarah and I will, most likely,  work together to formulate the necessary calculations for presenting.


FINANCE PER ANNUM (COSTS)//


- Rent costs
- Living wage (x4)
- Utilities (bills//gas, water, electric)
- Digital print (printer, cartridge, stock)
- Screenprinting (beds, screens, repairs, inks)
- Retail costs (selling stock, taking 20% commission)
- Bank charges
- Taxes- council tax, VAT, corporation tax (for Ltd company), business rates (business building tax).
- Register business with Inland Revenue
- Business bank account
- Solicitor 


- (Accounts director is on site, no necessary expenditure outside of standard wage)


//


CURRENTLY...


MATT is working on the business bank account
SARAH is working on screenprinting costs & The Inland Revenue
& CHRIS is working on setting up an online business plan with NatWest... I'll crack on with everything in between.


USEFUL SOURCES...


- HM Revenue & Customs
- Business Link