Building the foundation for growth is always the hardest part of a good marketing and business plan. This is the 4th day of this process which began with my June 20th blog. Yes, some of the assignments take longer than an hour; do them anyway!
Your assignment today is to complete a budget for your business. In this budget, include your own salary which meets the family budget requirements. Do an actual, realistic budget for the next twelve months. You may fall short of being able to meet all your expenses, but complete it and we will look at another assignment to determine your survivability.
Be realistic as you project both income and expenses. Make sure that all possible expenses are listed;
- marketing & advertising
- capital expenditures
- office supplies
- phones, faxes, computers,
In other words, include everything.
Blogs for Saturday and Sunday will be on general business topics, this process will continue with my Sunday evening Blog which will cover Monday June 28.
You’ve got to think about big things while you’re doing small things so that all the small things go in the right direction,