OverheadsWhat are your overheads? For example:
- Staffing and employment
- Premises costs
- Insurances
- Equipment
- Professional fees
- Supplies or stock
- Finance or loans
- sales and marketing
What is the level of income you require to achieve the minimum income you can live on? Work out your overheads and generously estimate how much extra money you’ll need to add to your product or service to cover costs. This is the only sensible way to effectively cover ongoing business expenses and make money. Even preparing a basic business plan will help you see what you need to achieve to make your business financially viable.