So, I am taking my last economics class and I have to get an “A” in it. To make sure I do I have to get an “A” on this project. The requirements are pretty straight forward, I have to take a simple job or service and make a business of it. The services are assigned and I got Dog Walker. We have to look into the smallest details, and that is where I need help I have a rough outline and would appreciate some input. Here Goes:
1)Business name: Healthy Pooch
2)Service: Walk customers dog once a week and give it a bath.
3)Cost: $6 a dog but, will be done by contracted year so total will be around $80.00 per dog.
4)Getting Customers: Will hire high school students to get customers and give them $5 for every refferal. Also I will have a number interested customers may call.
5)Materials: Dog toys, Eco friendly washing products.
Now some questions I have are:
1)If the business name I choose to use is used in another country or the same country as the name for a website is it off limits for my use?
2)Since it is contracted work how would I go about paying taxes? Would I have to send the IRS money quarterly? Also since I am contracted would I be able to deduct expenses like gas and materials?
3)Last question, as a consumer would the economic problems we are facing, make you think twice about paying for my service? Or is the price reasonable?
Thanks in advance for any responses.