Starting and Completing our Business Plans.

Our Business plan was probably one of the most time consuming parts of starting this company. Everybody was working so hard to find out information about other companies that make and sell the same product, what all we would need, calculating our sales/profits/losses, how much employees will be paid, etc.

My job was to look up all of the costs and how much we would make/spend to a weekly/yearly rate. I had to find out how much all the supplies would cost, and how much we would spend each week to make that product. I only calculated a small amount because we would not actually know how much to spend on materials until our first few days of business. But I also had to calculate how much of that money we would lose during payday. This all played into our business plan because it calculates our sales. I also had to calculate how much we would sell our product for. I had to think of a reasonable amount of money because we also had to make a profit from how much we spend to make that product.