peterjschmidt
Active member
But that would describe gross income.
You said earlier,
. So the cap sounds like it's based on profit.
How did you start your coffee roasting business?
- Thread starter tazzadiluna
- Start date
But that would describe gross income.
You said earlier,
tazzadiluna
New member
- Thread starter
- #17
Net Sales = Gross Sales - (Customer Discounts + Returns + Allowances)
What did I actually receive from the sale, to account for returns, discounts, etc.
Net income is the result of the reductions in net sales for the manufacturing costs, personnel expenses, operating costs and other overhead.
What did I actually receive from the sale, to account for returns, discounts, etc.
Net income is the result of the reductions in net sales for the manufacturing costs, personnel expenses, operating costs and other overhead.
eldub
New member
In our shop, the gross and net sales are pretty much the same figure.
tazzadiluna
New member
- Thread starter
- #19
Eldub,
Yeah, basically, if you don't have refunds and such, which is good.
Yeah, basically, if you don't have refunds and such, which is good.
Ronc23
New member
tazzadiluna,
I have a Dietrich HR1, it took me a while to find what I wanted for my price range. It's been fun learning to use it. So, I was a little curious with the cottage act/law so I took a peek at it. It says up to $5k per product sold annually. Do you know what their definition of a product is? When I think of coffee as a product in terms of selling it, I would define it as the particular origin or blend that I'm roasting. For example, I current roast a Guatemalan, Costa Rican, and Ethiopian. This would be three products and I would track them separately from a sales standpoint. They eventually would funnel to total net sales. Again, I'm not sure what their definition is but may be worthwhile to ask.
Ron
I have a Dietrich HR1, it took me a while to find what I wanted for my price range. It's been fun learning to use it. So, I was a little curious with the cottage act/law so I took a peek at it. It says up to $5k per product sold annually. Do you know what their definition of a product is? When I think of coffee as a product in terms of selling it, I would define it as the particular origin or blend that I'm roasting. For example, I current roast a Guatemalan, Costa Rican, and Ethiopian. This would be three products and I would track them separately from a sales standpoint. They eventually would funnel to total net sales. Again, I'm not sure what their definition is but may be worthwhile to ask.
Ron
tazzadiluna
New member
- Thread starter
- #21
Hi Ron,
Yes, I thought about that, but I dismissed it. I guess it wouldn't hurt to ask.
Anyway, for now, I've decided I'll sell what I roast here and there to people I know and whomever asks to buy instead of actively trying to market it and such. I think I'd rather have a licensed business if I try to market to a wider audience, which I don't have time for that now. The way I see it, I've still got lots of learning to do anyway, so might as well enjoy the slow ride until I'm ready.
I initially thought about moving up to an RK gas grill drum roaster, but since this change of plan after some research I think I might take a look at a Gene Cafe Roaster... I have yet to look it up, so we'll see.
Keep us posted with how the HR1 is treating you. I read somewhere that you have to break it in and the roasts get a whole lot better after around the 50th roast.
Angela
Yes, I thought about that, but I dismissed it. I guess it wouldn't hurt to ask.
Anyway, for now, I've decided I'll sell what I roast here and there to people I know and whomever asks to buy instead of actively trying to market it and such. I think I'd rather have a licensed business if I try to market to a wider audience, which I don't have time for that now. The way I see it, I've still got lots of learning to do anyway, so might as well enjoy the slow ride until I'm ready.
I initially thought about moving up to an RK gas grill drum roaster, but since this change of plan after some research I think I might take a look at a Gene Cafe Roaster... I have yet to look it up, so we'll see.
Keep us posted with how the HR1 is treating you. I read somewhere that you have to break it in and the roasts get a whole lot better after around the 50th roast.
Angela
tazzadiluna
New member
- Thread starter
- #22
Just an FYI for anyone reading this, got this link from Odysea in another forum which pertains to this thread, too: CottageFoods.org
It's a site that has Cottage Food Laws by state. It's also got groups/forums by state and a Q&A section in general. Then once your business is up and running you can add your Cottage Food Operation (CFO) to the map.
Another thing I found about the Colorado Cottage Food Act is that you need to take a food handler training course before you start selling, which can be a course from CSU Extension’s Food Safety Works program, I'll try to post more about that once I find out more and complete it. Also, looks like as long as the purchaser is a direct consumer, you can sell your product on the internet in Colorado.
It's a site that has Cottage Food Laws by state. It's also got groups/forums by state and a Q&A section in general. Then once your business is up and running you can add your Cottage Food Operation (CFO) to the map.
Another thing I found about the Colorado Cottage Food Act is that you need to take a food handler training course before you start selling, which can be a course from CSU Extension’s Food Safety Works program, I'll try to post more about that once I find out more and complete it. Also, looks like as long as the purchaser is a direct consumer, you can sell your product on the internet in Colorado.
