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What are the costs associated with running your business

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Reference no: EM131051572

The next step of your business plan will focus on detailing your business' daily operations. Questions that should be answered will surround the business operation, processes and people.

Write a 2 part 1-2 Page paper analysis about the following considerations:

Production - Will you offer products / services? How will they be produced? Customer Service? Inventory Control? Will you only be internet based? Quality Control?

What are the costs associated with running your business? Estimate potential expenses such as purchasing a domain will you purchase bulk, and privacy protection, purchasing an SSL certificate (online safeguard for personal data and credit card numbers) web hosting, business license, rent, utilities, equipment (pc/mac, cell phone) printer, shipping costs, internet access, business logo, marketing, merchant account, maintaining the website, utilities, insurance, or remodeling spaces to suit your needs.

What will your business hours be?

Legal Environment -

1. Explain licensing requirements (if necessary), regulations that you must abide by, patents, copyrights, and trademarks.

2. Personnel - Will your run your business alone, hire interns, full time staff, where will you find your employees what will their pay structure be, and how will you train them? What tasks will you delegate?

3. Will you have suppliers? Is it necessary to have a backup supplier for items that are critical?

4. Should you have more than one supplier for critical items (as a backup)? Do you receive discounts for bulk orders? How will you handle shortages or delivery problems?

5. How will you receive payment for your product or service?

Attachment:- tmenzsa_marketingvapeproject.rar

Reference no: EM131051572

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