Gibberson Glass Studio
Executive Summary

Gibberson Glass Studio has been in business for approximately 8 years. Glass blowing is an intense art and it has elements of heat, danger, skill and beauty. Making unique or sets of blown glass articles is a skill that is both, natural and captivating. We would like to thank you for allowing us the opportunity to assist you with this financial overview. Our goal today is to assist you in achieving some financial stability, and to introduce ways in which you can showcase your artistic skill in glassblowing.

Our presentation today is a summary of recommendations that we believe will assist you in your goal for financial stability. You will hear some recommendations that have been researched and calculated to increase your net revenue at year end. We understand that your wages and benefits need to be around $25,000 per year. By implementing some or all of these recommendations we believe that you can reach, and even exceed that goal.

* Train, apprentice or part time help to complete all of cold time work for projects. This includes finishing tasks of grinding, sanding and polishing. This will free up 5.72 hours per week that you can use to create special projects.

* Take the 5.72 hours that are freed up, to create special projects and charge $50.00 per hour a flat rate fee to create these projects. This will make an additional $14,661.20 per year of income. See exhibit 1.

* Increase prices on current items produced by a select percentage rate. Increases by a small, moderate, or higher percentage will increase your net revenue. You select which percentage that you feel comfortable with. See Exhibit 2

15% Price increase yields additional $4,460.00 per year
25% Price increase yields additional $7,770.00 per year
50% Price increase yields additional $15,540.00 per year

* Update