The Locker: Sports & Memorabilia Resale
Welcome to The Locker, your online purchasing and selling business! Your overhead and start-up cash figures are below. Let’s get selling!
Overhead
Website: $50/month self hosted
Warehouse: $1000/month
Utilities: $200/month
Shipping materials: $500/month
Advertising: $200/month
Misc: $250/month
Start-Up Cash
$5,000.00
Your P&L Spreadsheet
Each month, you will do a P&L Spreadsheet for your business. This spreadsheet will measure your monthly PROFIT & LOSS. P&Ls are very important to your business. You must accurately track where your income comes from and where it must go in order to maintain your business.
These amounts may or may not vary from month to month. All businesses will incur expenses you did not expect, so having cash on hand is a must.
Looks like you had less items returned this month. Be careful that returns don’t interfere with your profit.
Use the spreadsheet below to calculate your “What ifs.” For example, change the Sales Revenue from $4,100 to $5,500 and see what it does to your Bank Balance!
Check out your P&L! You made a profit – Congratulations!!
