This is our presentation in a gif. After making the business as a group I think it has been successful and that it could have potential for our futures. As I am the finance officer and productions manager I have to find the manufacturers and work out the different expense we would face making our own business. We each have our own role in the business which evens the workload out, being the designer also made it a lot more fun.

Partners blogs:

http://r-halford1316-ppp.blogspot.co.uk

http://m-danascimento1417-ppp.blogspot.co.uk

http://t-pycroft1316-ppp.blogspot.co.uk

http://j-wood1316-ppp.blogspot.co.uk




These are the company costs simplified down into a table to it is easier to understand. We hit a huge wall today as we realised we were not going to be making back what we thought we would. After a big debate we came to conclusion to not get a studio but to work from home for the first year to cut the costs down and make more of a profit. The expenses have been brought right down as we are working from home, however this still leaves us with a small profit. After we discussed this we agreed that if it were a real business the first year would just be getting out foot in the door and establishing ourselves with a fan base enough to make consistent money. After that we would consider taking the next step and actually renting a studio to develop our business further. From the total profit we would each receive £5,570, this depends entirely on how many we sell, how successful we get and if certain designs sell more than others. We decided that because the profit is such a small amount the first year we would have to get other jobs to be able to pay for living. 



Finance Breakdown

First idea
- insurance £140
- expenses £651
- electric £758
- water £360
- internet £18.95
- studio £250/pm

Bills: £1485.40/py
Studio: £3250

Total: £4,735.4

Cushion

Cushions: 500 for £290

Cushions: 1000 for £583

Sold for £20.00

Profit: £19,417

Tote Bags

Tote: 1000 for £97

Sold for £10.00

Profit: £9,903

Grand Total
£29,320

Second idea
- no studio
- work from home
- storage unit £1292/py
-market stall £55pd
- products £680
- home bills
- no tax




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