Finance in Business :: Papers

Finance in Business For a commerce to be self-made in the increasingly competitive business environment detailed fiscal plans and accounts must be drawn up and followed consistently. With so m all pecuniary demands placed on small it is vital that all cost ar predictd and accounted for prior to the businesses start-up date, these costs are referred to as start up costs dumbfound Up Costs ============== Start-up costs are any payments that my business of necessity 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 advertize 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 as well as include possible expansion of the business. IMAGEIMAGE Examples of Running Costs businesses are subjected to. most 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 lead affect my business venture. I shall calculate firstly the start-up costs and then(prenominal) the running costs for a sample three-month period. In order to calculate costs effectively I shall design the outlay of my shop first. blueprint the layout of my shop. When I began to design the layout of my shop I considered a number of potentiality problems and trainments, I came to the conclusion that the three most important requirements my shop ask were - * Hygiene * Appearance * Safety By applying serious thought and thoughtfulness 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