Quote:
Originally posted by theking
Well...his monthly overhead is something more than $2000 and less than $3000 and this includes a budget of about $500 per month on advertising...and also includes the fact that he got a real deal on the building...only $600 per month...and a one year lease. It is a nice building...good location and he was lucky to get it that reasonable...it is pretty much SOP to have to obligate to a five year lease. Of course his overhead will go up once he hires an employee.
He also made a deal with a computer business to lease him the computers for a mere $25.00 per month with the provision that he include them in all advertising that he does as well as at his business. He is currently working out additional advertising deals with some of the local pizza parlors...what this includes...I do not know at this point in time. He is also working on some kind of advertising deal with the local high school coach...and I do not know what this includes.
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he sure is getting his computers cheap.. that is $25 per computer a month right? hmm.. I think I might be on the high side, but I'm including an employee at $7.50 p/h for 30 odd hours in that figure.. It's also possibly more expensive here as interest rates are a lot higher - do you know roughly what his profit margin is or what sort of profit he makes a week? is $300 low medium or high?
with the day trading hours, I figure as long as I can make more than the $7.50 p/h it would cost to have an employee there I may as well given my biggest weekly costs are mostly fixed. (yes I realise electricity, phone, internet usage would mean more than 7.50 p/h but you know what I mean - hopefully even non-users may just want to use it as a conveinience store and pick up a coke or use an atm or something.. )