Wednesday, 28 January 2015

presentation research

I have been researching on gov.co.uk and found that our business plan is an 'ordinary business partnership' which means  all business partners involved share responsibilities and profits as well as paying income tax on our profits. 

I have also been working out the costs which I found to be a lot harder than I thought because with things like insurance it was hard to know if we needed it or how much it could even be. 
Also when finding out how much everything costs it doesn't actually make sense to use the shrink wrapping because it is a lot more expensive than what we would make from sponsors for a small bit of advertising. So we are just going to make our money from selling prints instead. 
Here is what I worked out cost wise:

Annual Costs
CAPITAL EXPENDITURE
Shipping container
4 computers
Bulldog clips
Display stands
Lighting
Wire
Hanging materials
To the nearest £3000 - £6000

DIRECT
Printing (£126 per event) - £2520

OVERHEAD
Van hire (£125 per week)- £2000
Travel costs - £3000

LOCATION
Festival trader cost - £1000

PROMOTION
Posters x100 - £18
A5 flyers x100 - £12

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