Now that fairs, events and farmers markets are starting to open up again, we thought we would focus today's video on how we calculate our profit (and yes, occasionally, it can be a loss) from when we sell at events.
This video is a bit of a follow on from our prior video on how to work out your product costs. To accurately work out your profit, you will first need to know your individual product costs, so if you aren't sure how to do that then do check out our other video on working out production costs!
In this video, we cover the various costs associated with selling at events including stall costs, fuel, additional expenses and (of course) production costs. We don't go into things like wear and tear on vehicles or anything as in depth as that as to be honest, the costs we do factor in are what we are happy with.
We then show you how to work out your profit from the figures that you have for income and expenditure.
I will be showing you how I work out my own profit/loss using a simple Excel spreadsheet and a few formulas. I will talk you through each step so that you too can use this information to work out your own costings.
We keep records of our show takings, expenses and profit for each and every show we attend as not only does it help massively when it comes to completing our tax return, it also helps us to easily be able to recall which shows were profitable and worth doing and which ones we won't attend again.
If you enjoy our videos and soap making tutorials please do give us a like and subscribe :-)
We will be uploading new soap making videos every Friday and regular Tuesday videos showing more behind the scenes and business tips.
You can also follow us and find our soaps here:
www.sussexsoap.co.uk
facebook.com/sussexhandmadesoap
instagram.com/sussex_handmade_soap
If you do head over to our website, we offer our KZitem friends 20% off purchases if you enter code "youtube20" at checkout :-)
Негізгі бет Тәжірибелік нұсқаулар және стиль Behind the scenes at our soap business: How we calculate takings & how much profit we earn at events
Пікірлер: 12