1 / 19

FINANCE

FINANCE. As six entrepreneurs we invested 50.000 TL each (50.000*6=300.000) will be our start-up money We had to be so carefull as we didn’t have any other money than this and we wanted to make most of it with that money So we needed to spend it as efficient as possible.

fia
Download Presentation

FINANCE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FINANCE

  2. As six entrepreneurs we invested 50.000 TL each (50.000*6=300.000) will be our start-up money • We had to be so carefull as we didn’t have any other money than this and we wanted to make most of it with that money • So we needed to spend it as efficient as possible

  3. We’ve been to online sites and real estate agencies to find the optimal workplace by comparing lots of options

  4. The best place turned out to be a fairly small flat loacted on the basement floor with 3.000 TL rent cost

  5. We decided to use the inside of the workplace only for production by turning it into a complete kitchen • The workplace has a spacious garden where our customers will be served • This garden will be designed to used in fours season comfortably • We will have lots of items from restaurant from umbrellas to infrared heaters • But still most of our revenue will come from home-delivery

  6. We also bought a car and painted it like this... • We didn’t rent it because it provided us with a tax shield

  7. One by one we decided on food items to be sold • And calculated their costs • We found out that if we buy it as wholesale it will be much more cost effective for us

  8. It took one month for us to settlein our workplace and start to operate

  9. We have prepared a projected income statement, balance sheet and cash flow statement • As expected our expenditures in the first month used almost all of 300000 TL investment • However, in the second month we started to make profit and we want it to increase gradually as we don’t want any chaotic environment with not steady cash flows

  10. An interesting fact • If we chose to be a first class restraunt we wouldn’t be very profitable as taxes would increase from 8% to 18%. (www.gib.gov.tr)

  11. Brief summary of first month of operations..

  12. It’s time for what-if analysis to have brighter future goals!

  13. We used goal seek analysis and found that for 20000 Net Income we need  57717 Net revenue

  14. And we found the break even pointfor expenses to be 48397

More Related