Enterprise// Business: Start up costs..

As a new business there are going to be many things that we need to take into consideration when it comes to money. I have been looking at funding, accountants and costs of a property to rent for our business. But there is more things to take into account, including all of the other start up costs which will cover things like furniture and equipment that we will need to start up our business.

Here is a list of things that I believe we need to take into account before we can open our business:

- A property to rent/ rent costs
- Utility bills
- Insurance
- Computer design programmes
- Marketing
- Studio and shop furniture/ desks, chairs etc
- Computers and printers/ Macs!
- General office equipment/ pens, paper etc
- Registering business name

etc

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Costs of studio design equipment//

iMacs and design suite:

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http://www.ikea.com/gb/en/


Ikea is the perfect place to go furniture shopping, there is something for everyone and the different price bands make it affordable for everyone. We could buy studio and shop furniture from here. Above are some items that we would need to buy which will be included in the start up costs. For the shop space rental, we will provide the furniture needed, i.e shelves and tables, but will be unable to buy new furniture for specific needs (if the costing is unpractical).

http://www.argos.co.uk


We would need things like a printer to print invoices. An example is Kodak, they are the cheapest printers to run because the ink is so cheap. Which would save us money in the long run. It may seem like I am looking in too much detail but its the little things that make the big difference!

Office supplies can be bought from Staples which offer good deals.

Staples also have a store card that you can apply for which means you can buy in bulk and spread the costs over a few months, which is very handy. Obviously you would still have to be mindful on how much you spent.

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Printers//


We will need to have a printers on hand for our marketing material and we will obviously still need them through out the business. I Googled printers in Edinburgh and found a few that we could possibly use:

http://www.prontaprint.com/edinburgh/Pages/Map.aspx?lat=55.95598&lng=-3.20173

This printers is fairly close to our property, which would mean we would save money on print delivery as we could just pick it up ourselves and it also means we could easily pop in to the printers which would allow the chance to make a good relationship with them.

This printers is located closer to the city centre and a bit further away from our property. It says they offer competitive pricing and they offer a wide variety of services which is very handy.

Printing and copying; binding and finishing; digital poster printing; banner printing; roll up banner stands; canvas printing; custom cut out stickers; flag printing; leaflets and posters; business cards; letterheads; compliment slips; booklets; postcards; window graphics and shop front signage.

http://www.crescentprint.co.uk/

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Insurance//

Finding insurance quotes has proved quite difficult whilst researching because they ask for a lot of details to do with the property (which I dont know a lot of). I have found out that business bank accounts offer insurance with the business account package or they offer it at a discounted price.

// Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.


// Public liability insurance covers a business or organization against claims should its operations injure a member of the public or damage their property in some way.


http://en.wikipedia.org/wiki/Insurance#Liability