By Dan Ramsey
Booklet via Ramsey, Dan
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Additional resources for 101 Best Weekend Businesses
If by plane or bus, you'd find out which common carriers make the trip between the two cities. If by a private motor vehicle, you'd look at a map for the highway that will get you there the quickest. You would then calculate the distance between the two points (about 2,200 miles), the time required for the trip and major stops along the way. You'd figure the costs, the time required and some sights to see. Planning the success of your cottage company requires the same kind of planning. To make a good planone that has the greatest chances of successyou will learn what the business does, what's needed to start, who your customers are, how to price your product or service and how much you will make.
Supplies are usually part of overhead and not material cost. However, the cost of picking up materials or having them shipped to you is a part of the cost of the materials, rather than overhead. Labor cost is the cost of work directly applied to making the product or service. Labor not directly applied to making the product is an overhead cost. Labor cost includes both the hourly wage and the cost of any fringe benefits. Overhead is the indirect cost of making your product, expenses that aren't consumed by making the product or producing the service.
She started an income tax service, focusing on helping farmers keep records and pay taxes. She could have built the business primarily for income or as a lifestyle business, but she instead developed it as a way to meet and help her neighbors. Other social businesses include bed-and-breakfasts, bridal consultants, care givers and companions to the elderly. What Do You Know About Yourself? Starting a business, getting married and buying a house or a car are all big decisions that require some self-reflection.
101 Best Weekend Businesses by Dan Ramsey