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B Plan Exercise Week 2

The document outlines key steps for setting up a business, including establishing a record-keeping system for expenses, purchases, and sales. It emphasizes the importance of considering VAT responsibilities, creating a cash flow forecast, and estimating startup and running costs. Additionally, it prompts the business owner to determine pricing for products or services and project potential sales and client numbers.

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Nifty
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14 views1 page

B Plan Exercise Week 2

The document outlines key steps for setting up a business, including establishing a record-keeping system for expenses, purchases, and sales. It emphasizes the importance of considering VAT responsibilities, creating a cash flow forecast, and estimating startup and running costs. Additionally, it prompts the business owner to determine pricing for products or services and project potential sales and client numbers.

Uploaded by

Nifty
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Business Plan Exercise 2

Set up a record keeping system for your business to keep track of Expenses, Purchases and Sales.

Set aside a place to work and keep all the records for your business

Consider your responsibilities with regard to VAT, if it applies to your service or product and if you will or
should register

Consider your Cashflow forecast for the business, begin to estimate your costs and revenue streams to build
the forecast

Costs to start Up:

Running costs weekly, monthly, yearly:

Potential Sales:
What price will you charge for your product or service?

Product: How much will you charge for your product?

How many of your product will you be able to sell?

Service: How many hours do you have available and how much will you charge per hour?

How many clients do you confidently expect to have

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