Monday, 20 February 2012

Group Business... Finance

We decided because of her knowledge of accountancy, Lisa is in charge of finance. We had all previously filled in our own overhead costs sheets in the enterprise workshops, and all worked out we needed to earn about 

Equipment we need :

We have all already thought about our own personal assets that we can bring to the company so that we don't have to purchase new equipment, such as that we all have our own computers.

There are some things that we will need to purchase new, such as:

- Imac - Good printer - Adobe software licence - Light box - Camera - General crafting tools

Finance to think about :

- Website hosting - Promotional - Equipment - Licences - Insurance - Copywriting - Accounting software - Rent - Back up data - Registration costs

From Lisa's Blog:

Lisa worked out our 2 Year Overhead Costs. In the first year, we are working it out as if we each will earn £20k, and in the second year £25k.

 







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