Fixed costs - Page 2

Moses · 05-18-2005, 09:23 AM

Thanks! I guess a really big electric bill is good news! I think I'll put video on the employees that we can access from the internet. Of course we could only watch the front desk but I think it might help. Does anybody do this? We have it at our other business and it's not that expensive.

DWhite6872 · 05-18-2005, 10:32 PM

We have it...and we watch our employees.
The title of your post is "fixed costs"...I have seen a lot of people post every expense...are you looking for fixed costs? expenses? start-up? capital items?

Moses · 05-19-2005, 04:03 PM

I'm beginning to get a pretty good handle on the start-up costs. I was mostly looking for those monthly "gotcha" costs that I might be missing. I appreciate all the help I can get!

BigLeo · 05-19-2005, 11:11 PM

Fixed costs are anything that will remain as a liability even if you close down your salon. These typically include lease payments, bank notes obligations, taxes payable (federal and state), and even salaries and wages. In some states if you layoff employees you are required to pay at least two weeks severance pay. That would be considered a fixed cost. Anything that goes up or down with sales is considered a variable expense. Some variable expenses may have fixed components. Utilities include fees or fixed components. There maybe a minimum tax amount due for city or state income taxes. I always view a certan amount of salaries and wages as "fixed". In order to keep the doors open you will need to have people, at least one or two. I hope this helps.

Leo

Moses · 05-20-2005, 02:12 PM

I guess overhead would have been a better word.

body tan · 05-20-2005, 04:32 PM

When I started I put down all my expences, I put in an extra 15% cushion. This helped a great deal in the first year. After that you will learn to fine toon everything.

sunsally · 05-21-2005, 08:26 AM

The confusion here is the title was "fixed costs", but you asked about "monthly costs".

I think we've covered them all here

While I think the "search" function can be difficult/non-user friendly, encourage EVERYONE to just start going through the past history and reading threads - there is GREAT information already out there!!

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05-18-2005, 09:23 AM	#11 (permalink)
Moses Join Date: May 11 2005 Posts: 43 Rep Power: 0	Thanks! I guess a really big electric bill is good news! I think I'll put video on the employees that we can access from the internet. Of course we could only watch the front desk but I think it might help. Does anybody do this? We have it at our other business and it's not that expensive.

05-18-2005, 10:32 PM	#12 (permalink)
DWhite6872 Waiting Confirmation Join Date: Apr 22 2004 Posts: 5,189 Rep Power: 0	We have it...and we watch our employees. The title of your post is "fixed costs"...I have seen a lot of people post every expense...are you looking for fixed costs? expenses? start-up? capital items?

05-19-2005, 04:03 PM	#13 (permalink)
Moses Join Date: May 11 2005 Posts: 43 Rep Power: 0	I'm beginning to get a pretty good handle on the start-up costs. I was mostly looking for those monthly "gotcha" costs that I might be missing. I appreciate all the help I can get!

05-20-2005, 02:12 PM	#15 (permalink)
Moses Join Date: May 11 2005 Posts: 43 Rep Power: 0	I guess overhead would have been a better word.

05-20-2005, 04:32 PM	#16 (permalink)
body tan Join Date: Feb 9 2005 Location: Georgia Age: 36 Posts: 406 Rep Power: 4	When I started I put down all my expences, I put in an extra 15% cushion. This helped a great deal in the first year. After that you will learn to fine toon everything.

05-21-2005, 08:26 AM	#17 (permalink)
sunsally www.highlinecapital.com Join Date: Nov 23 2004 Location: ITA Member & Berman Supporter! Posts: 2,554 Rep Power: 9	The confusion here is the title was "fixed costs", but you asked about "monthly costs". I think we've covered them all here While I think the "search" function can be difficult/non-user friendly, encourage EVERYONE to just start going through the past history and reading threads - there is GREAT information already out there!!

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