by chris cope. advertising ◦ to be done by word of mouth and various websites. salary ◦ our...
TRANSCRIPT
By Chris CopeAccounting
Advertising◦ To be done by word of mouth and various websites.
Salary◦ Our few employees will work on commission from what we make
from the band, label, or venue. Rent
◦ We will be working out of our cars and homes for the first few years so this will not be necessary.
Inventory◦ Since we are in the service industry we will not have to keep
inventory. Supplies
◦ Supplies will be our main expense, as we will use paper to make fliers in mass quantities for the shows we are promoting.
Start-up Costs
Internet◦ The company will pay for internet for our
promoters. This will be approximately $200.00 a month to cover all of our employees.
◦ We feel this is necessary because it is now the best way to get your name out, especially with web 2.0 products and services.
Start-up Costs cont.
With employees working on commission, we feel they will be very competitive with other promoting agencies.
On average we will make $300 dollars a show, and pay 20% commission to whoever booked it.
At an estimated four shows per week our company will gross $1200. We expect this to rise exponentially as we get our name out and work a larger area.
Since our commission will be relatively low, we will provide bonuses throughout the year based on our net profit.
Income