Financial implication of Thilakawardhana Textile

BS, Nisak AhamedHND in CSD :-05

Lecture By :- CB, Jawahira

Contents

Introduction of Financial implication Web-hosting and design Equipment costs Intermediary services Marketing Promotion Web development costs Profit Conclusion References

Introduction of Financial implicationThe effect of your action on the financial side of

your business is known as financial implication. It depends on your day to day action, or your

long term activity or due to some other reasons.Always there is a financial implication to your

business side.

Web-hosting and design

Web Hosting is the service providing space on the Internet for websites.

Web hosting services work by storing your website files in high-powered computers (web servers) connected to a very fast network.

When someone types in your web address such as (www.Thilakawardhana.com), the Internet connects to the web server holding your website files and then transfers your website information back to their computer. From there they can surf and view the pages of your website.

We have special data centers that are built from the ground up to serve the purpose of web hosting.

Buy in a domain

Types and How to work Web Hosting

As technology has progressed different types of web hosting have appeared to meet the different needs of websites and customers.

Shared Web Hosting Website Builder Cloud Hosting Dedicated Hosting

Equipment Costs As a onetime investment Thilakawardhana textile has to

purchase a motorbike to accomplish delivery service and benefits of this vehicle are low purchasing and operating costs.

Another advantage is, that legislation allows drivers 16 years and older to use the motorbike which will enable to save on a labor cost for a delivery drivers.

The operating costs for motorbikes are calculated as cost of petrol per motorbike tank, plus insurance of the drivers per year.

Intermediary services Payment gateway system in use is PayPal and for this

e-commerce it's suitable for following financial reasons. It doesn't require setup or monthly fees, only

transaction fees, which proves cost effective, as only small amount of transactions can occur.

From 2800 estimated orders per year, I have taken in to account only 490 of them, to be processed using PayPal.

Marketing Promotion The e-commerce is a new business activity for Thilakawardhana

textile, that is why it is important to advertise more seriously at the beginning.

Google pay per click advertising is offering Thilakawardhana textile, the advertiser, to promote business in the popular search engine and pay only for clicks on the advert.

It is sufficient to allocate only small funds, such as Rs 20000 and this amount is satisfactory to reach around 1000 potential customers online.

Web development costs Due to simple nature of the e-commerce platform, it is

required to hire only a web designer to create a unique Magento theme for the online business.

Website people perhour.com offers to hire specialist for contract work, prices for this task are approximately Rs 65000.

Profit The surplus remaining after total costs are

deducted from total revenue, and the basis on which tax is computed and dividend is paid.

Profit is a very important concept for any business - particularly a start-up or relatively new business.

Thilakawardhana textile has loft of profit introduce to financial implication same time customers also take profits.

Conclusion

In this Thilakawardhana textile organization financial function is explained for implementing the e-commerce.

Thilakawardhana textile already have a website so they don’t want a domain name. But they want to do the payment system and need to advertise the company.

For this they will be a cost to the Thilakawardhana textile.

References

https://www.midphase.com/website-hosting/what-is-web-hosting.php

http://www.taxand.com/taxands-take/news/service-tax-controversy-around-indian-%E2%80%9Cintermediary%E2%80%9D

https://www.quora.com/What-does-the-phrase-financial-implications-mean-What-are-some-examples

http://www.tutor2u.net/business/reference/finance-what-is-profit

Thanks for your watching my presentation