To be completed in class today 11/03/13
Calculate total start up costs for your business.
You should calculate fixed costs and variable costs separately.
This should include the following:
1) The cost of premises for your business (this can be calculated by researching property prices in the area you are interested in) remember you may have to pay for a year or so in advance and a deposit of 1 months rent. Include business rates if they are applicable.
2) The cost of any equipment you may require ( if you have a shop for example you would need a till, fridges, shelves etc) remembers he little things like stationary any PC's for staff etc.
3) If you are selling goods calculate the cost for your stock or materials that you may require for a month.
4) utilities can be fixed or variable costs and need to be included in your start up costs as best you can.
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