Round Table
Services - Other Services
Manufacture & Retail
If your business is manufacturing and selling or retailing a
bought in product you will need to research the cost to carry out these
operations. Things to think about include:
- Cost of materials
- Manufacturing costs
- Manufacturing time
- Product buy cost
- Storage of materials and finished product
- Packaging (materials & time)
- Distribution costs
- Determine a sell value
- How many do you need to sell to make a profit
- Can you sell that many?
These aren't all strictly services however it will help to put
matters in perspective if grouped this way.
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All well and good so far. We've looked at ideas,
qualities, skills, tools and services. What will all this cost? Let's
look at how to put a Cost Plan together.