Finance in Business :: Papers

Finance in Business For a business to be successful in the increasingly competitive business environment detailed financial plans and accounts must be drawn up and followed consistently. With so many financial demands placed on small it is vital that all cost are calculated and accounted for prior to the businesses start-up date, these costs are referred to as 'start up costs' 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 promotion 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 expansion of the business. [IMAGE][IMAGE] Examples of Running Costs businesses are subjected to. Some Star-Up costs also apply 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 three-month period. In order to calculate costs effectively I shall design the outlay of my shop 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 * Safety By applying serious thought and consideration I aim to solve these issues and be able to design a shop that is both efficient and appealing to customers. Hygiene The layout of the equipment I require in my shop has to allow for easy