My business is called SB Photography. Which stands for my name Sarah Brooks and the business will be all about taking professional pictures for people. My business will be centrally located in Blanchard, Oklahoma and I will run it from my home there. Though I will be traveling quite a bit to different locations to get the best pictures for different occasions or if a client has a specific location they would like to take the images at. But at my central location I will use it to edit the images for clients and it will also serve as a meeting place to meet clients. As they may want to discuss pricing and locations for the type of shoot they are wanting. My business is a well-rounded photography business. I will take pictures for many different
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It will also depend upon how long the sessions are throughout the day. I will charge $75 per hour. This price includes two locations of the clients choosing, but it must be within 25 miles of my central location. I will go to other locations that are farther, but it is 50 cents per mile when traveling farther than 25 miles to a location. I will try to do at least four, four hour sessions a week or ten of these four hour sessions a month. This is my goal for profit maximization starting out. Though another factor on how much I will produce depends upon the season, as more people like to have pictures done during the fall and spring seasons. So during these peak seasons, I will produce more images in that time. Then during off seasons, my production will vary throughout the year. Thus making my profitability vary throughout the year, as there may not be a very constant rate of cliental. So even though I will set goals to meet for the month, I may have better profitable months than others. Though overall profits should equal out through the …show more content…
My inputs will be relatively limited compared to the outputs I will receive. As my main input is labor. Labor will be fairly cheap, as I am the only worker and I will not have to pay other employees. The fact that my input cost is minimal my profit will be greater. Though there will be competition in my area, I hope to provide greater utility for my clients. In the future, I hope to grow my business to increase profits, so that I may update my technology. Which will allow me to produce better quality products for my customers. In conclusion, though I hope to always provide quality products and provide a good experience in my dealings with customers. I strive to provide competitive pricing that makes it both profitable to me and attainable for the customers. SB Photography is a well-rounded business that has the flexibility to grow with also providing stability. If I meet my goals I have set for my business it will be profitable. SB Photography will be a good, localized business to
It will also depend upon how long the sessions are throughout the day. I will charge $75 per hour. This price includes two locations of the clients choosing, but it must be within 25 miles of my central location. I will go to other locations that are farther, but it is 50 cents per mile when traveling farther than 25 miles to a location. I will try to do at least four, four hour sessions a week or ten of these four hour sessions a month. This is my goal for profit maximization starting out. Though another factor on how much I will produce depends upon the season, as more people like to have pictures done during the fall and spring seasons. So during these peak seasons, I will produce more images in that time. Then during off seasons, my production will vary throughout the year. Thus making my profitability vary throughout the year, as there may not be a very constant rate of cliental. So even though I will set goals to meet for the month, I may have better profitable months than others. Though overall profits should equal out through the …show more content…
My inputs will be relatively limited compared to the outputs I will receive. As my main input is labor. Labor will be fairly cheap, as I am the only worker and I will not have to pay other employees. The fact that my input cost is minimal my profit will be greater. Though there will be competition in my area, I hope to provide greater utility for my clients. In the future, I hope to grow my business to increase profits, so that I may update my technology. Which will allow me to produce better quality products for my customers. In conclusion, though I hope to always provide quality products and provide a good experience in my dealings with customers. I strive to provide competitive pricing that makes it both profitable to me and attainable for the customers. SB Photography is a well-rounded business that has the flexibility to grow with also providing stability. If I meet my goals I have set for my business it will be profitable. SB Photography will be a good, localized business to