Cleaning Charlie Type Cott FINquecy Average Task He informs your his kleal workweek inclackes 30 hours of client work iplus commuting and Time administrative work). He is wondering about her company's service mix and how i can be used After graduating from a diploma of business administration in Victoria BC, Charlie got hired is to maximize revenues in relation to the work hours invested. He is also wondering if it better to an executive assistant to Francing, the HR Director of a local manufacturing company. He has HOUSE 570/hour Once a mask 2 hours General Housekeeping dusting charge per hour or on a per project busis. been working at the job for the past three mon months. His role includes scheduling and attending cleaning for bathrooms, kitchen deep scrub, meetings reading email, and coordinating interviews and applications on job opportunit individuals mopping floors, and worming To get his business started, Charlie will need about $500 In supplies including gloves masks, works part-time 3 days a week from 8:30 am to 4 00 pm and is paid about $38,000 a year. cleaning material, dusters, garbage bags, liquid bleach, labels and the like. He will likely need to Professional $50/Tour As needed Minimumof Organizing pantries. garages. eplenish these supplies once a month. Charlie has saved $5,000 to invest in it During his free time, Charlie volunteers as a cleaner for a non-for-profit organization called organizing 4 hours 30 to invest in the business. closets etc. setting up a home Harmony Caregiving. The organ after a move, packing and omes clean, The erunniration tos seniors to age in-place helping to keep their He currently uses public transport but wants to purchase a gas vehicle to drive to and from sible by large corporate doners and declittering various places and to help carry his supplies. He is thinking about doing a pros and cors analysis partners, ins well as volunteers like Charlie. Although he enjoys the structure of the of purchasing vermus leming a vehicle. He has found a 2019 used car on sale for $17 360 but he corporate emdormant, Charlie feels much more satisfied by his volunteer work with Harmony $1.200 per As needed 3 days Clean out homes of seniors is also looking at maybe leasing a hybrid vehicle on a three year lease, 24000 kms from the Caregiving . organizing needing to doansize, moving to dealership for $269 a month at 5:50%% Interest with $3000 as a down payment. If he were continuing care or recently a vehicle he thinks is would be us years. Charlie is ako purchase an Sensing that he may not be happy in Isis assistant job, Francine has offered Charlie a full-time deceased, donating and recycling industrial vacuum cleaner for $1,800. He's unsure how the vacuum and vehicle would be position with the company, upping his salary to 562,400 per year plus benefits which equal generk "ron sentimental goods reflected in his financial recordh. approximately 18% of his salary (paid vacation, pension, medical and dental benefits etc ) to make the job mere manageable for family members Charlie is looking into different methods of online scheduling to reduce administration time and At the same time, due to his enthusiasm and great effort at Harmony Caregiving, The President believes the best method is to start a website with an online booking capability. He has a friend, of the non-for-profit organization has offered him a full-time position in the advancement Social media 560 to 3 -5 work 2 hours to Record and ed't content, engage he is a tech wig and is willing to help create and host a website for a me time to not [donation) department. This position would entail working directly with prospective and calling content $100 pe create and with audience $2,500 and an annual ligerning fee for the scheduling jeffre of $2co. With the edsignal donors. His starting wage would be $20 an hour but he would be entitled to a 5%% borus equal wwvestment in online scheduling. Charlie expects the number of customers to increase by 25% to all new donations he brought in for each type of service. Even though Charlie is excited about both offers, he has always wanted to work for himsel Therefore, he is contemplating starting his own dearing business. Charlie sees a trend of Charlie estimates that, based on his existing connections and some word of mouth marketing Tamara has also offered to be brought on as a 37% business partner and is willing to cover the ning the webshe and the advertising costs with Google as well as taking on the Individuals getting bunker, and comesquently, lacking the time of energy to keep their her he can generate some quick success in his first year on the physical cleaning and organurg business, He believes he can book 15 individual houses and 3 professional organizing jobs on a backkeeping for the business. Charle is uncertain if he should accept Tamara's offer. she clean and organized. With his home claiming organizing business be could help people worked a few summers at HAR block but does not have a formal accounting background maintain tidy and organized homes. To kick things off, he has done some research and weekly basis, and 1 -2 estate organizing jobs a month. Charlie wonders if it might be less expergive to hire a bookkeeper? Or if he brought Tamara on, gathered some numbers. Admittedly, ac Admittedly, accounting was his worst subject in his diploma, so he is seeking your help in analyzing his options. For the social media content. Charlie has researched that influencers with more than 1,000 what business structure would be best? followers may be attractive for branch advertising their products, Charlie hmm casually been if Charlie needs more money than his initial savings, he has spoken to ank and it is willing duping bush ales these figures: ating social media content for years, and wonders if he could turn the cleaning business into to provide her with two products an avenue to attract more social media followers to monetize his social media posts. He nd estimates that he would need six at a 7 year loan of $20,000 at 7.2516 per year requiring monthly repayments, or posting @2 hours is per post of creating and editing time) before he could start to attract polvertigers and monetize his social media content, bi a revolving line of crecit of $18,000 at 7:00%% per year Charlie wants a detailed analysis on how much he would need to borrow and which structure is better for him. He doesn't understand the difference between a business loan and a line of credit, so an explanation there would also help. Since Charlie is not great with projections and numbers, he is asking you for help in deciding this business is lucrative enough to pursue and the should quit her chetlife assistant lab dor volunteer role. Charlie wants specific advice on what he should do. He wants to know it pursuing Charlie's Clearing baniness is a good idea or if he should accept one of the other offers on the table, as well as the other question he thought of as he was describing the business to you