Finance in Business :: Papers

Finance in fear For a business to be successful in the increasingly rivalrous business environment detailed financial plans and accounts must be draw up and followed consistently. With so many financial demands placed on down in the mouth it is vital that entirely cost ar gauged and accounted for prior to the businesses start-up date, these cost are referred to as start up cost Start Up Costs ============== Start-up costs are any payments that my business needs to make prior or opening. ==================================================================== IMAGE Rent of premises and equipment. IMAGE Wages of any employees ---------------------- Finance must be supplied for any form of ongoing advertising campaigns or sales forwarding techniques. IMAGE Utilities - gas, water and electricity need to be supplied to my business at all times IMAGE Maintenance of business premises, this could also include possible involution of the bu siness. IMAGEIMAGE Examples of Running Costs businesses are subjected to. Some Star-Up costs also hold in during the general running of the business as running costs. Running Costs are payments that are made once the business has started trading. I shall now calculate how much the above costs will affect my business venture. I shall calculate firstly the start-up costs and then the running costs for a sample triad-month period. In order to calculate costs effectively I shall design the outlay of my condescend first. Designing the layout of my shop. When I began to design the layout of my shop I considered a number of potential problems and requirements, I came to the conclusion that the three most important requirements my shop needed were - * Hygiene * Appearance * sentry duty By applying serious thought and consideration I aim to make for these issues and be able to design a shop that is both in force(p) and appealing to customers. Hygiene The layout of the equipment I require in my shop has to capture for easy