Wednesday, 11 January 2012

Enterprise & Innovation - Business overhead workshop

These are the basic notes that I took during the session.


Holbeck mills - office space - small creative businesses - community
£250 per month spaces


saving scheme/pension - start with small amounts


rent £6000 per year


business rates - if renting a place within a business this will be built in with the rent - based on the value of the property


1000 - 1200 for electricity


if at home - charge 1/3 gas + electricity to your business to reduce tax


business telephone is more expensive and lots of phone calls will be made


postage - for clients, build it into the cost your charging them
mail shots - put aside a small amount for a one off mail shot e.g. £250


computer repairs/periferals repair £100-200


spare computer £1000


accountant £250 - to go over your taxes each year


legal advice - solicitor - £70


IP intellectual property costs - logos/brands/your business identity £60 per design


promotional costs - spend  no more than 10% of your turnover - first year spend about £2000


car costs - renting is cheap - need to learn to drive first


professional product liability insurance - covers costs of amending serious mistakes in designs


speculative presentations and quotations - can take a lot of time



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