+ Business proposal for CaseIt!. + What goods and services will I provide? I am providing people with personalized smart phone covers. Customers send.

Slides:

Advertisements

Similar presentations

Your Financial Education Guide. The Basic ABCs of Finance Income Opening Accounts Creating a Budget Financial Goals Money Management Borrowing Money Credit.

Advertisements

Money Mates Have a go at pairing the financial term with its related card! Variable A rate of interest that moves up and down =

Section 5.1: Selecting Financial Services and Institutions

Earning Money  What is income and what are 3 possible sources?  Income is money that you have available to you to spend  3 sources: babysitting,

High School 101 Financial Simulation Game March 2010 Lessons 2,3,4,5,7.

Teens 2 lesson seven understanding credit presentation slides 04/09.

Bellwork When do you think it is appropriate to use a credit card?

Using a Bank or Credit Union consumer.gov. Why use a bank? A bank is a place to keep your money safe A bank’s services include: – checking accounts and.

Grade 12 Family Studies. B6I.

 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.

Building: Knowledge, Security, Confidence Borrowing Basics FDIC Money Smart for Young Adults.

3 types of mortgage loans for homebuyers -Fixed Rate Mortgage -fixed interest rate -front loaded interest -10, 15, 20, 30 -Adjustable Rate Mortgage -Rate.

Borrowing Basics 1. 2 Purpose Borrowing Basics: Describes how credit works and the types of credit available. Helps you determine if you are ready to.

The “Need-to-knows” for your financial future. * Do you ever want to buy a car? * Do you ever want to own your own home? * Do you know how debt can impact.

Financial Head Start. Why care? It’s Your MONEY 2.

Credit Fundamentals 18-1.

Choosing the right deal for you Dual fuel Getting your gas and electricity from the same supplier Many suppliers offer a discount if you opt for dual fuel.

ON YOUR WAY HOME A little about buying and owning a Home.

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

17-2 Financial Services and Electronic Banking. Types of financial services Savings services Financial institutions accept money for safekeeping. A broad.

Marketing My Business By Cheyenne McMIllin. La Bella Vita.

Financial Management Project Your name here. I work at: ______________________ I am a _____________________ at ________________________ and make $ _________.

CONSUMER ECONOMICS I Got Paid!!!! Now What….?. Intro It’s Friday, you just got your first paycheck, and you’re feeling fye. Before you run out to buy.

Resources Required to make this work. A key point to remember You are writing fiction—we know that! Your job is to convince investors that this fiction.

RESOURCES FOR A SUCCESSFUL VENTURE BDP301. RESOURCES FOR A SUCCESSFUL VENTURE Most ventures require many types of resources to get off the ground and.

MAKING ENDS MEET Personal Budget for Type your name or family name.

Ch. 1 Marketing is All Around Us

How to budget? Or more importantly - how to control our spending?

Engineering Economy Why is Engineering Economy important? Practical everyday questions –Should you finance your car or pay cash? Finance for $6995 –vs-

Consumer Econ Project. Steps of Project 1. Budget-1 2. Spending Spree-Move in items 3. Food items per week and general recipes 4. Short essay explaining.

Fixed & Variable Costs Consumer Math

Creating and Maintaining a Budget Consumer Ed.  You'd never set out on a cross-country road trip without consulting a map.  Likewise, you can't expect.

Financial Planning. Income Minimum Wage - $ 8.10 hourly Associates Degree – $ 40,000 Bachelor Degree – $ 50,000 Masters – $ 45,000 - $ 85,000 Doctorate.

Budget WebQuest Introduction

Standard SSEPF4 – The student will evaluate the costs and benefits of using a credit card. SSEPF4a- List factors that affect credit worthiness.

Budgeting Creating a Plan for Your Spending. $50.00 What would you do if someone gave you $50? Would you spend it on something, would you save it? What.

Can You Relate? The more quotes you make, all other ratios the same, the more sales. However… It takes too long to create a quote 1.Drive to prospect.

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

Chapter 1 Practical Finance Unit 6 Students will analyze and apply their understanding of finance to their own college budget.

NEFE High School Financial Planning Program Unit Two – Budgeting: Making the Most of Your Money Unit 2 - Budgeting: Making the Most of Your Money.

By, Cody Lee. My Job  The career I have chosen is electrician. I have chosen this career because it is a good and fun job.

Mr Stokes. To understand the meaning of cash flow To understand why cash flow is important to a business To be able to construct & interpret a cash flow.

Peggy Olive, Family Living Agent Richland County UW-Extension How to Save a Dollar ….when you don’t have a dime to spare?

7.2.G2 Electronic Banking Trivia. 7.2.G2 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking.

 NEED  Food  Water  Clothes/shoes  Homes  Phones  Gas for cars  WANT  Accessories  Junk food we don’t need (eating out)  Online shopping.

Budgeting and Financial Planning Why should people make a plan for how to get and spend money? What strategies can be used to do this most effectively?

Chapter 16 Planning a Budget. Why It’s Important Budgeting techniques help you keep track of where your money goes so that you can make it go further.

CAREER BUDGET NAME 2014 – 2015 CAREER?. CAREER Career Qualifications: Entry Level Pay: Education Loan Payment: Location: Employer: Insert Career Image.

Average Costs.  Employers cost to pay for single coverage averages about $5800 per employee  That means for an employee who is paid 52 times per year,

DO NOW: Can you explain why a worker earns $1000 but receives a paycheck for less than $1000? What happens to the amount earned but not received by the.

THE COST OF MANUFACTURING How much does manufacturing cost?

Unit 1 – Personal Finance Credit & Worker Earning How can the use of credit benefit & hurt consumers?

By: Vicki Rivera January 10, 2013 EASTERN /WESTERN COST OF LIVING.

To Accompany Consumer Finance Unit 3 Standards FACS-CF-5 a-d By Kindra Watters and Kayla Calhoun Adapted in part from Utah State Office of Education materials.

ALTERNATIVE LOANS. PAYDAY LOANS Features: 1.The loans are usually for small amounts. 2.The loans typically come due your next payday. 3.You must give.

BUDGETING 2010.

Grade 12 Family Studies.  Do you have a credit card?  What is it used for?  How is it like a loan?

ESSENTIAL QUESTION: HOW CAN SOMEONE INCREASE THEIR HUMAN CAPITAL? HOW CAN CREATING AND MANAGING A BUDGET HELP SOMEONE MAKE BETTER FINANCIAL DECISIONS?

Budgeting and Financial Planning Why should people make a plan for how to get and spend money? What strategies can be used to do this most effectively?

Mr. Tanaka.  In addition to buying materials, the manufacturer needs to pay the employees.

Making a Budget Independent Living October 27, 2015.

Section 3: Banking Services

BANKING/CHECKING ACCOUNTS. Banking/Checking Accounts How Banks Work Using a checking account Balancing your checking account Electronic banking Other.

Unit Four Good Debt, Bad Debt: Using Credit Wisely.

Banking Services presentation slides. Compare Checking Accounts location branch offices; hours of operation; availability of ATMs fees monthly fees; per.

Chapter 7 Buying Decisions. Slide 2 How Can You Be a Responsible Shopper? 7-1 Designing a Buying Plan Use systematic decision making: consider all the.

Borrowing Wisely Senior Advisory Week of May 23, 2016.

My Budget Project Period:_____

My Budget Project Period:_____

My Budget Project Personal Finance Period:_____

Presentation transcript:

+ Business proposal for CaseIt!

+ What goods and services will I provide? I am providing people with personalized smart phone covers. Customers send me their personal photos or artwork in a digital format and I would than transport the image onto a phone case

+ Where is my business located and why is it there? It is an online business that I am able manage from my home computer. It is located there because don’t need a physical storefront store front this type of business. It is a digital proses so people send the image they want for their iPhone case through the internet. Then I would then be able to print the image onto the insert. This way I don’t have to rent on a storefront I just have to pay hosting fees which is less expensive.

+ Why will I get customers? Is this a need or want item or both? People like to decorate their phones People are always buying new phones and need covers for them It is a way for people to receive unique, one of a kind cases I think that is both a need and a want. People “need” phone cases to protect their phones. On the other hand it is a “want” item because it a custom and more costly phone case then you would find at just any phone store.

+ What will I do that my competitors can’t? I will offer really good customer service Lower prices then other companies Online punch card

+ $39.95 How much will I charge for my product ?

+ Labor and natural resources I don’t use any natural resource This is an on-line business so I would work out of a studio at home and I don't need employees at this time. If the business were to takes off then I may need to hire workers, but I wouldn't need to hire anyone until then

+ What capital recourses will I need to start up my business? Printer – around $7,000 Website design – around $5,000 4 Ink cartridges (makes 40 covers) – $ Cell phone inserts & covers - $250 Total amount: $12,585 If I were on a 5year interest only loan the payments would be around $73.41 every monthly

+ TOTAL overhead costs… …per day: around $6.43 …per week: around $45 …per month: around $180 This is including: Phone bills Insurance Website hosting Advertising (Google)

+ Final estimate of capital needed: First the 6 months I would need $13,665 I think think that the business will start to support itself after the 1 st year.

+ Costs vs. Benefits I don’t have to pay rent or utilities, I just have to pay hosting fees which is less expensive I don’t have to spend money on gas getting to and from work everyday, I am able to access my work at home Open 24/7

+ What will you get in return for your investment? 7% interest on your investment