The cost of sales for a photography studio represents the direct costs of each job. Costs which support these jobs, but are shared among a number of jobs, are accounted for separately on your income statement. Knowing your cost of sales helps you to determine the gross profit you earn from a given job. It is this number, rather than the price of a job, which you should use to study the profitability and value of different jobs and clients.What...more
When preparing your bar financial plan, you will need to show an understanding of the cost of starting up the business before a cent of revenue comes in. Pay attention to estimating the following key categories. Leasehold Improvements Leasehold improvements, defined as fixtures and additions to the space made by the tenant, can be a significant cost, especially if the space was not previously used as a bar. Lighting fixtures, sound equipment,...more
Are you setting up a non-profit organization? Don't ignore the specific, technical steps you must take to set up a new non profit organization. Although they will vary depending on your location, here are some guidelines for American non profit organizations.501-c-3 or Fiscal Sponsorship? Most independent non profits are incorporated under the IRS 501-c-3 code which allows organizations serving a public social need to operate on a tax-exempt basis and to receive tax deductible donations and grants to fund their operations. The 501-c-3 application, although costing under $1,000 to process, can be a bit daunting. To get up and running quickly, many non profits begin as fiscally sponsored projects operating under the umbrella of a 501-c-3 fiscal sponsor with the stated purpose of serving the public through organizations like yours. The fiscal sponsor will let you collect tax exempt donations by taking a processing fee, often a percentage of the funding dollars raised. They will also offer a shorter application process and administrative support for your organization as it gets up and running. With this start up support, you will be in a better position to apply for your own...more
Wholesale kid garments is catching the attention of many people because of money making return. If you as well want to start this trade other than you don't have the suitable place for it then don't be concerned you can start it over the internet too. Secondly, if you wish for to establish this trade as a part time or second trade then you can hire...more
Author: Lynne SaarteCatalog printing might look like it is just good for the retail industry, but in fact there is more to catalog printing than you think. Color catalogs can be used for all businesses, from raw materials supplies, manufacturing, sales and even service industries. When there is something you need to sell, catalogs can be one of the...more
Those businesses that aren't good at managing employee overtime hours effectively could easily be creating problems for themselves for the present and for the future. You will often hear some companies make the claim that they don't allow overtime, but what actually happens is that employees end up spending a lot of extra time at work trying to get assigned tasks completed. The employee will not get paid for these extra hours, and this can lead to resentment and frustration. Managing employee overtime hours ineffectively like this could lead to staff members becoming so disillusioned that they leave the job; nobody likes to think that they are being taken advantage of. It should also be noted that making workers do these unpaid extra hours is actually illegal. When it comes to managing employee overtime hours there has to be good communication between the staff and the management. It could easily be the case that the managers just don't realise that the staff member is working extra hours to get their work done. The fact that the management is not aware of the extra hours is still not going to alter the fact that the worker may be feeling put-upon. It is vital that those...more
Through the BMO Bank of Montreal you can get all your business online banking done. They offer an array of different services and facilities that you can take advantage of, and which will help your small business to strive and reach its maximum...more
If you are a co-owner of your company and thinking of future ownership changes, then buyout agreement is one of the legal forms that you want to look at. It specifies company structure and ownership responsibility in case either side of co-owners...more
Everybody sees hype on the Internet on how you can make money from home, many make claims of instant riches and residual income. This is true and a lot of these claims are correct. Yes there are scams but only a minority.Its in our nature too think...more
Web hosting can be done in a variety of ways, offering different levels of control and expense for the end user. For users who are well versed in web hosting theory and require a good deal of control, the choices finally get narrowed down to managed...more
Managing employee shift trades can lead to problems if they are not handled correctly. In many ways staff managing to get cover for the days they need off is a good thing, and it saves those responsible for the schedules from having to find people to...more
Scope changes are so common in IT projects that many IT project managers have learned to expect them and simply take them in stride. But theres no reason to let project scope creep slow your implementation down. Starting out with a good plan for...more