business plan

[georgetknight]

hi ther can anyone giveme some ideas re how much ishould put down that i will be earning in my first year as i am getting a grant and they have asked for a projected earnings

cheers

 

[Concept PHT]

20k minimum. You can be earning up to 35k if your good and quick

 

[cartersmiff]

who's giving you the grant? what are the criteria. I had a look around for a grant couldnt find any though.

 

[georgetknight]

thanks guys grant offered by the business gateway in no criteria other than a business plan and vat registered.

 

[BrhTiling]

I didn't think you could be VAT registered until you were earning serious amounts of cash? (60k+?)

Right now I am doing a business plan for myself and I am basing my earnings on something like 17k to start off with!

 

[grumpygrouter]

Anyone can be VAT registered (unless certain situations occur) it is just compulsary if you exceed the "VAT threshold" currently £64k. It's Voluntary registration if you want to be registered below the threshold. Would only think it would be beneficial if you were targeting contractors though. Domestic work adds 17.5% to your price, so might price you out of the market.

 

[Rosco0110]

I am waiting on the grant from business gateway as well. Don't think you need to be VAT registered - just need to do a business pan, prove you have registered with the Inland Revenue as Self Employed and have opened a business bank account.