Turning a Hobby into business - How to work out costs?

[Angeltruist]

I have been making jewellery while I studied in a course and have sold some items.
I now want to take it to another level but I have absolutely no idea where to start!
I deal with silver jewellery and a few beaded pieces.
I don't know how to work out materials, fees, listings etc etc
I've Bought so many materials in the past that I never worked out costs of making and took random guessed.

I've never thought about becoming a business until now and to be honest, never really pushed my pieces so with a bit of effort, I know I could do better.
I mostly sell via etsy but now considering craft fairs in the lead up to Xmas.

I would like to do this properly and sort out tax so I don't get a surprise letter one day claiming tax on my massive £108 worth of sales over the past year 😂

[ps_bond]

http://www.amazon.co.uk/Setting-Succ.../dp/1408130440 is a nice guide; covers a lot of ground.

[Dennis]

Hi Angel, If you put a Key word such as Pricing into our search box, top right, you will see various discussions over past years.

Here are a few as an example:

http://www.cooksongold.com/forum/sho...hlight=pricing

http://www.cooksongold.com/forum/sho...hlight=pricing

http://www.cooksongold.com/forum/sho...hlight=pricing

Dennis.