Are you looking at costs of equipment too? Anything you need and might have to have repaired or replace in time. It's something you need to consider if you couldn't work without something - maybe Sally's sock knitting machine?
Not sure if needles count, though
Yes, equipment came as part of the 'big sum' i.e how much of something do I need to seell per anum to make x amount.
hedgewitch
Joined: 26 Nov 2005 Posts: 5834 Location: Daft wench GHQ
Posted: Tue Mar 27, 07 2:52 pm Post subject:
You're way ahead of me - just trying to remember what we did and chuck it in, so to speak
You're way ahead of me - just trying to remember what we did and chuck it in, so to speak
Actually I'm not too sure that thinking way ahead is particularly helpful. It's one thing being aware of what you'll need but doing these 'sums' is making me want to run a a mile and go flip burgers. Maybe I should just shut up and make tea cosies
hedgewitch
Joined: 26 Nov 2005 Posts: 5834 Location: Daft wench GHQ
Posted: Tue Mar 27, 07 3:12 pm Post subject:
Stacey wrote:
hedgewitch wrote:
You're way ahead of me - just trying to remember what we did and chuck it in, so to speak
Actually I'm not too sure that thinking way ahead is particularly helpful. It's one thing being aware of what you'll need but doing these 'sums' is making me want to run a a mile and go flip burgers. Maybe I should just shut up and make tea cosies
Hardest part I found was remembering what is you actually do after all the finance, bank, sales and marketing stuff. So don't forget the tea cosies, for goodness sake!
Sorry, not with you. Do you mean that you'd need to sell 312 tea cosies to make money?
Half of what it costs us to live is here is 15,000 - that's what I'd have to sell (with the hourly rate and margin) to make 15,000 in a year after costs etc.
It would take me about 24 hrs a week for 52 weeks. I find it hard working stuff out because of having more than one product. I guess when I've been doing it a bit longer I'll see what sells most.
I think it's doable but only if I get the right market I s'pose. At the moment I'm doing 5 shows this year and I can't see me selling 62 tea cosies at each (or 500 odd kits or 313 mug cosies) I'm going to spend the subsidy I get for going to the marketing course on...errr...marketing I'm going to be brave and write press releases and try to get featured in mags like Country Living. It's bloody hard work this self employment malarkey
X 10 with a 100% margin
I'm going to be brave and write press releases and try to get featured in mags like Country Living. It's bloody hard work this self employment malarkey 
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