Instatouch Consultancy 2019 @instatouch-blog - Tumblr Blog

Group Business Project 2019

We completed our Group Business Project today with a presentation to the other companies and our guests. We would like to thank everyone for taking time to read our Tumblr Blog. To view our full presentation please click on the link below.

Instatouch Consultancy Presentation

Financial statement for WPS Digital Marketing Project 2019.

INCOME

The tender fee for this project to the client is £6500.

Other source of income was from taking on two juniors which came with a grant of £1000 each.

EXPENDITURE

The expenses for this project were, wages at a cost of £2600.00 in total for the 10-week period. As you can see in the budget the wage costs were broken down with accordance to the persons job role. The salary variations range from £15 per hour for the Chief executive officer ranging to £10 for the junior role. We believe this is a fair reflection of the roles and the amount of responsibility they entail.

The other costs that can be found in the above budget are:

£212.50 for WPS (client cost) for the number of emails sent to him which were charged at £12.50 per email.

£178.50 was paid to the consultant for her services, this was set at a fee of £50 per hour, and as can be seen in the data, we met with our client for approximately 15 minutes per week.

The total marketing spend for the project was £46.75 this was for t-shirts and printing of posters and flyers.

Travel expenses reached £18.00, this accounted for the mileage to and from the WPS head office on Medway city estate, we made three visits to our client.

Considering all the above costs which totalled £3055.75.

As you can see from the above graphs, tables and budget sheet, the final profit figure form this project is £5444.25.

Tender fee £6500

Income for juniors £2000

Expenses £3055.75

Total profit for the project £5444.35

Balance Sheet