Cleaning Charlie Type Werag Tasks He informe you his kleal workmask inchackas 30 hours of client work iplus commuting and Time administrative work). He is wondering about her company's service mix and how it can be used After graduating from a diploma of business administration in Victoria, BC, Charlie got hired as to maximize revenues in relation to the work hours invested. He is also wondering if it better to an swacutive assistant to Franding, the HR Director of a local manufacturing company. He has Once a wask 2 hours General Housekeeping, dusting charge per hour or on a per project basis. been working at the job for the past three months. His role includes scheduling and attending cleaning for bathrooms, kitchen deep scrub meetingn seeding emmaik, and coordinating interviews and applications on job opportunities, He individuals mopping floors and wokiming 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, clusters, garbage bags, liquid bleach, labels and the like. He will likely need to Professional $50/hour As needed Minimum of Organizing pantries, garages. replenish these supplies once a month. Charlie has saved $5,000 to invest in the business. During his free time, Charlie volunteers as a cleaner for a non-for-profit organization called 4 hours closets etc. setting up a home Harmony Caregiving. The org niors to age in place helping to keep their after a move, packing and He currently uses public transport but wants to purchase a gas vehicle to drive to and from homes clean. The organization is nin by donations made possible by large corporate donors and decluttering various places and to help carry his supplies. He is thinking about doing a pros and cors analysis community partners, as well as volunteers like Charlie. Although he enjoys the structure of the of purchasing versus leming a vehicle, He has found a 2019 used car on sale for $17 560 but he $1.200 per As needed 3 days corporate andnormant, Charlie fouls much more satisfied by his volunteer work with Harmony Clean out homes of seniors is also looking at maybe leasing a hybrid vehicle on a three year lease, 24000 kms from the Caregning organizing needing to downsize, moving lo dealership for $269 a month at 5:50% Interest with $3000 as a down payment. If he were to buy continuing cee or recently a vehicle he think ul for 5 years. Charlie is also planning to purchase an Sensing that be may not be happy in his assistant job, Francine has offered Charlie a full-time deceased, donating and recycling industrial vacuum cleaner for $1.500. He's unsure how the vacuum and vehicle would be position with the company, upping his salary is $42,400 per year plus benefits which equal generic "non sentimental" good approximately 18% of his salary (paid vacation, pension, medical and dental benefits etc ) to make the job more manageable for family members Charlie is looking into different methods of online scheduling to reduce administrative time and All 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 pootion in the advanceman Social media 2 hours to Record and out content, engage Tamara, who is a tech wiz and is willing to help create and host a website for a one time fee of idonation) department. This position would entail working directly with prospective and existing content 100 per create and with audience $2,500 and an annual ligerning bee for the scheduling software of $200. with the additional donors, His waiting wage would be $20 an hour but he would be entitled to a 54 borus equal port edit inwellment in online scheduling. Charlie expects the number of customers to increase by 29% 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 himself. 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 30%, business partner and is willing to cover the cost of creating the website and the advertking costs with Google as well as taking on the Individuals getting banter, and comequently, lacking the time or energy to keep their homes he can generate some quick success in his first year on the physical cleaning and organizing backkeeping for the business. Charlie is uncertain if he should accept Tamara's offer. She clean and organized. With his home quizing business he could help people hess. He believes be can book 15 Individual houses and ] professional organizing jobs on a worked a few summers at HER 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 bands, and 1 -2 estate organizing jobs a month. Charlie wonders if it might be less expersive to hire a bookkeeper? Or if he brought Tamara on, gathered some numbers. Admittedly, accounting was his worst subject in his diploma so he is For the social media content, Charlie has fuencers with more than 1,000 what business structure would be best? seeking your help in analyzing his options. followers may be attractive for branch advertising their products, Charlie he casually been if Charlie needs more money than his initial savings, he has spoken to the bank and it is willing if he ware to start her own houmabeeping bushwas, Charlie forecasts these figures: sing social media content for years could turn the cleaning business into to provide her with two products n avenue to attract more social media followers to monat is his social media posts. He cumently has 750 followers, and estimates that he would need six months of professional 29 a 7 year loan of $20,000 at 7.2516 per year requiring monthly repayments, or sting (2 hours per post of creating and editing time] before he could start to attract advertisers and monetize his social media content. bi a revolving line of credit of $18,090 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 Ing of credit, so an caplanation there would also help. Since Charlie is not great with projections and numbers, he is asking you for help in deciding if this business is lucrative enough to pursue and if he should quit his executive assistant job ared'or volunteer role. Charlie wants specific advice on what he should do. He wants to know if pursuing Charlie's Clearing business is a good idea or if he should accept one of the other jobs offers on the table, as well as the other questions he thought of as he was dascribing the business to you