What’s the... uhh... big idea

This year I’m looking at progressing an idea I put on the back burner last year. I’ve always wanted to make some money from my hobby and have been looking at ways to do that more.

Last year I saw an ad on Instagram about becoming a franchisee for a service installing flat pack furniture. I looked into it but on looking deeper into the process it was too much and kind of seemed like a bad deal.

During the holiday period on my mail run the thought popped back into my head that I should make a go of it and the more I thought it through the more it seemed doable.

I asked about my obligations due to me already having full time work and it seemed more of a good idea than before.

I still want to confirm everything with IRD but I think it’ll work.

I decided to include pricing for GST even though I don’t have to claim it as well as put 40% aside for any other taxes and the rest goes into my pocket to pay for tools and materials.

Below is a quick Numbers spreadsheet showing how it will all breakdown. With the foundations worked out it’s simply a matter of finalising the cost of products and services and going for it.

I’m going to work on a cost breakdown for the products using different worksheets which will fill in the initial price later on but I just wanted to see what sort of money I’ll make from it all.

This is starting to get exciting now. Now it’ll only be a matter of getting customers and I’m going to start local for that.

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