Page 89 - MICROHUB Handbook - ENGLISH
P. 89
Establish a budget for the production of your novel
goods or service. A service necessitates production
in the sense that you need to estimate how much
it will cost you to procure the necessary computers,
software, equipment, travel expenses, and
expertise. A product you produce will need
unique supplies, procedures, tools, and storage.
Ordered goods need to be stored, shipped, delivered, and packaged.
Your production phase includes all activities involved in getting a
finished product that can be handed to a consumer or in producing a
service that they can use right away. Additionally, you must base your
estimates for manufacturing your goods or service on an expectation of
the level of demand.
Marketing expenses must be included in your budget. You should call
potential clients, invest in signs, publish press releases, and promote.
Establish the mix of marketing
strategies you'll employ and
the cost of each marketing c
omponent.
Even social networking might be
expensive if you need to employ
a professional in social media
platforms.
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