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stakeholders pdf

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UNIT 3 Finance Introduction For my business studies coursework I am going to investigate the setting up and running of a business, which specialise in the Production and Sale of Wooden Toys. My business will be based in the Chapeltown Enterprise Business Unit, Chapeltown Road, Leeds LS7 3JA. West Yorkshire. In order to establish my business successful I have completed a Market Research Survey(this a basic Questionnaire comprising of 15 key question of potential customer wants and needs in the locality.) which shows clearly that there is a demand for my product. TASK 1: Types of Cost Start up Costs Running Costs Task 2 Providing additional income for my business * I will act as a consultant to local High Schools, colleges such Leeds College of Building, Thomas Danby FE, Kitson College; where my invaluable expertise on the Design and Production of Wooden Toys are recognition in West Yorkshire. * I will use my Website to generate new business as my designs may be purchased from any country in the world, as all customers will have the opportunity to purchase Online with a credit card. ...read more.


2000 2000 2000 0 0 0 Advertisment 50 0 0 0 0 0 0 0 0 0 0 0 0 Insurance 250 250 250 250 250 250 250 3000 Rent 400 400 400 400 400 400 0 0 0 Utilities: heat/ light 100 100 100 100 100 0 Repairs and maintenance 85 85 85 85 85 85 85 Cashflow Surplus/ Deficit Opening Cash Balance Closing Cash Balance Future Designs of Products Example of Cost and Revenue Table for Break-even Analysis Break-even Analysis for Dance by Andrene * The business will be open on average 18 hours a week, a total of approximately 90 hours a month on average. So over a year we would expect to operate for about 1000 hours. * My break-even analysis has been calculated up to 800 hours annually, to take into account holidays and other times when the business may be closed. * The table and charts below demonstrates how the business will perform at the various levels of customers. * Over the average year the business will experience some increased in the Variable cost. ...read more.


1,000.0 �1,200.0 � 1,400.0 Fixed cost per hour � 250.0 � 250.0 � 250.0 �250.0 � 250.0 � 250.0 50.0 � 250.0 Variable cost �.5 per hour � 0.5 � 50.0 � 100.0 �150.0 � 200.0 � 250.0 0 � 350.0 Total cost � 300.0 � 350.0 �400.0 � 450.0 � 500.0 � 550.0 � 600.0 Profit/Loss -� 250.0 -� 100.0 � 50.0 �200.0 � 350.0 � 500.0 � 650.0 � 800.0 Cost and average per hour session � 2.00 Chart 2 My Break even tells me that I will gain 160 consumers Summary Factors that will effect the break even of my business. 1. Some customers will star and stop coming to lessons 2. At different times of the year the business will very busy E.g In the winter months when people tend to get involved in more indoor activities . 3. In the summer months the business will be slower because people tend to do outdoor activities From the break even above even at a cost of �1.00 a lesson the business seems to be making a good profits ?? ?? ?? ?? Unit C Business Finance Intermediate / Foundation ...read more.

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