In order to prep for our presentation, there was still the task of going deeper into our finances and working out how much we would need as a start up cost for our company. So Lauren, Joe and myself got together and began the daunting task of working out finances. We hadn't really thought about such things as business insurance, so we started here and I quickly took a questionnaire on GoCompare to get a quote, however, when I had finished, they wanted to ring us rather than quote something over the internet. This was very frustrating, but we eventually found an estimate figure from Google and used this in the overall costs instead. We then added this to the other costs we had taken a note of early and began to tot up the total.
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| GoCompare Quote |
Lauren took all of the costs we had gathered and placed them into Mike's 'Cost of Living' spreadsheet to present our costs in a clear manner. We also thought that this would help us to work out the tax, as none of us had any idea how to do it or how it effected our overall costs. However, even with the help of the sheet we were still confused at the end and had no idea how tax payed a role in anything, so we ended up with two separate starting up costs.
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| Finances |
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