Sunday, November 28, 2010

Chapter 7

Understanding and Managing Start-Up, Fixed and Variable Costs

This chapter focused a lot of the cost of starting your business.
  • The start up cost, which is a one-time expense for my company would include purchasing the nail polishes and supplies, getting licencing and business information.
  • The cost of goods sold
  • Operating Costs, which would involve me maintaining my supplies, purchasing new products and paying for things a vehicle needs to reach my customers.
  • utilities
  • salaries
  • advertising
  • insurance
  • interest
  • rent
  • depreciation
Not all of these factors would need to be evaluated for my business.

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