Finances

I'm quite lucky, as from the looks of it, I will only need to take out £3,000 from my own money to start my business - no loans or borrowing required. Most my profits will of course come from my weekly lessons, where each student will be charged £15 for the 6 hour duration, as well as being offered a lunch for £5. The way I came up with the £1,500 monthly profit is via a simple average I assume to get in terms of students attending my class and paying for a lunch. It was 20 students every lesson - with each lesson costing £15, resulting in £300 made a week, then x4 makes it £1,200. With the lunches - each costing £5, I assumed that 15 students would pay for one, so 5 x 15 is 75, then x4 is 300. Hence, £1,200 + £300 = £1,500

At the end of the year, putting aside the £3,000.00 I put in the business to start it up - I end with a profit of £4,560.00.