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Peer Response that need commented on. Due by Wed. the 1st

1.) Tamara Marquis posted Oct 28, 2017 4:29 PM

· My business will not need to rent a building or storefront because it’ll be a home-based business, but it will need to pay a portion of all utilities used which will include power, propane, water and sewer, there will be a small advertising budget, and a cost of the business license and insurance. I’ve also taken into consideration that during the holiday season I would be participating in craft fairs which require booth rentals, so the selling and administrative costs will be more during those months. The cost of the business license is $150 yearly and the liability insurance is $250 yearly, and I divided those amounts and spread them equally over 12-month period. I calculated the portion of utilities to be $75 monthly, and have allotted for a $50-month advertising budget. In November the cost of the craft fairs will be $190, and December’s cost will be $75; these costs will be added to the normal monthly selling & administrative expenses. There will not be any need to have a manager to oversee the business at this time since it is a

2.) Tramaine Ashford posted Oct 28, 2017 3:26 PM

As we all know the first year in starting up a business can be challenging. In my first 6 months to a year I may consider having a home-based business. Thereafter I will consider most likely having a store front to keep things more suitable and professional. Advertising is a major key of importance when opening and running a business. I will advertise on social media, television, public buses, flyers and billboards. This will ensure that I get my businesses name out there and mission statement as well as what provide and offer. I will require the use of electricity and water resources to upkeep with the building. Once my company grows I will have a few managers to oversee the business.