I shared my business plan with a couple of my peers in order to gain some feedback before submission, the feedback I received was all relatively similar and that was to do with how I priced my products within my presentation. I'd priced products at an hourly rate, charging £2.50 per hour for one service. My peers told me that this may be confusing when people purchase a product as they don't have security that the piece has taken that long and other factors. I agreed with this as I would feel like I'm paying an extortionate price if I was paying by the hour as a customer so I instead decided to create fixed prices that would show the product packages value as a whole.
Below is my updated finance chart with fixed prices and some changes to the income created, with fixed prices I could give a product more value and thus yield more of an income. A minor thing like that could've changed the trajectory of the business overall.
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