The document outlines many of the common expenses involved in running a business, including rent, utility bills, taxes, supplies, equipment, licenses, insurance, wages, and social security payments. It also provides examples of specific expenses like electricity, water, parking fees, food, drinks, cleaning products, laundry, uniforms, and start-up costs for a restaurant. Additionally, it includes an example calculation for potential annual earnings from restaurants based on spending and rent percentages for families in a community.
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Important expenses in our business revised
1. EXPENSES IN OUR BUSINESS
- The rent of the business represents 15% of the incomes every month.
- I pay the water and drainage bill every three months to the local
administration.
- The electricity bill must be paid every two months.
- I have landline, mobile usage and internet with the same company.
-This house hasn’t got power.
- If I went to a Private School I would pay high fees every month.
- It is very important for my business to have a car park.
- In England gas comes through pipes and there is only one way to get it.
- The parking space is quite expensive.
- In Spain maintenance and services charges vary between different
blocks.
- We talk about salary to refer to payments per year, and wages to refer to
payments per month or week.
Social Security: The employer takes it from workers’ wages every month.
Insurance: the employers must look for a good company that covers all
possible risks.
Taxes: This expense is quite important because if the company or the
entrepreneurs don’t pay them, they will get in trouble with the
“hacienda”.
Local taxes: some examples are paying tax for having a car or a property.
There are many types of licences, such as a liquor licence, TV licence,
music licence or entertainment licence. Some of them must be paid per
year.
Example of taxes: V.A.T and income taxes.
2. Any kind of hospitality business must have different supplies. Therefore if
we are thinking about a restaurant, we would need:
Food
Drinks
Cleaning products
In a restaurant: Laundry and dry cleaning
Start-up costs such as cutlery, china, glasses (or tableware) uniforms and
linens.
Equipment
A community has 4 000 families that pay rent of $500 monthly. If we
believe families spend 5% of their incomes on restaurants, how much
money could you expect to make in a year? Don’t forget a family spends
20% of its income on rent.
SENTENCES FROM THE WHITE BOARD
-
Katie has a parking space that she pays monthly (Irene)
-
Peter must pay her his rent every month (Rafa)
-
Every day I recive receive food spplies supplies (Elena)
-
If I open a restaurant I’ll have to pay the electricity and the water
bills. (Saray)
-
I have a landline and internet contract(Beatriz)
-
The feed fees in the academy is are more expensive than in the
gym. (Marina)
- I need a liquor licence for selling/to sell alcohol (Carmen)
-
Here´s a lost lot of food foot traffic (Andrés)
-
I need a good location if I want a successful business
3. - When I go to work I park my car in the parking space
- Start-up costs could be high
- The community of neighbours / the neighbourhood community has
carried out a revision of the pies.
-
If you are the owner of a restaurant, you must have different
insurances.
-
All the products we buy include a V.A.T.
-
Carry/Take uniforms to the laundry and linens at to the dry cleaning.
- Manuel didn’t have to buy the equipment of his bar/his bar’s
equipment
- Good evening Sir/Madam, would you like something to drink with
your meal?
- Visit a real estate office if you want to buy a house
- When I’m the owner of a restaurant, I’ll have to give my employees
a wage. I’ll also have to pay Social Security.
- There are different types of wines for different types of food.
- I’d like a glass of mineral water please.
- Have you paid the income tax, like I asked?