There is no right or wrong amount for a business to spend on marketing. Many factors will influence whether a business allots 5 percent of its total annual budget for marketing or 15 percent. Selecting a percentage for your business is the first step. Read the rest of this entry »
Small Business Marketing Budget
November 23, 2008
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Advertising, Budgeting, Sales | Tagged: Advertising, budget, business, community, economy, event, Marketing, money, percent, projects | 
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Posted by DodoLovesMe
Business Plan goes Marketing
November 23, 2008Entrepreneurs know to employ a variety of marketing techniques because it’s impossible to predict how effective any one method will be until time and money has been spent. A marketing plan will help you to keep track of the various marketing methods and should be considered to be as essential to the success of your business as developing the business plan. Read the rest of this entry »
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Advertising, Budgeting, Business Plans | Tagged: Advertising, business, children, costs, life, market, Marketing, marketing costs, marketing plan, money, months, news, plan, projects, research, time, year | 
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Posted by DodoLovesMe
Small Business Money Terms
November 10, 2008Once you start to run your own business, you’re more likely to be able to negotiate favorable terms with clients and convince a banker that you need a loan by using terms that everyone understands.
The information in your operating budget contains everything you will need to draw up the documents that are essential to the growth of your business. They are: Read the rest of this entry »
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Balance Sheets, Budgeting, Sales | Tagged: business, figures, fun, money, running your business, Sales, science, small business | 
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Posted by DodoLovesMe
Start-up Operating Budget and list of Personal Expense
November 5, 2008In the course of running your business, you will have to deal with not one but two budgets: one for your business and one for yourself.
A business budget is also referred to as an operating budget, and it differs from the budget you developed for your start-up costs for several reasons: After operating your business for even a short time, you will have a much better idea of where the money goes, as well as what comes in. You’ll also have some sense of when the money tends to arrive in your bank account, so you’ll also know when you can expect to be able to pay your own bills. Read the rest of this entry »
No Comments » | Advertising, Budgeting, Education, Payroll, Sales, Tax, Transportation | Tagged: Advertising, budget, business, Education, expenses, family, fees, food, health, home, life, Marketing, miscellaneous, money, Office, operating, operating budget, people, personal, personal budget, software, taxes, time, work | Permalink
Posted by DodoLovesMe
Start-Up Costs and Expenses
November 5, 2008For many people, the idea of a business is ruled by the images that come to mind when they think of various companies they’ve worked for in the past. Unfortunately, it’s this picture that most often intimidates new entrepreneurs who want to get their own businesses off the ground: either they think they need everything a larger, more established business has before they can open their doors, from fancy networked telephone systems to a professionally decorated office, and spend way too much to start, or they become overwhelmed at the amount of money they think they need to open their doors, and never do so because they figure they’ll never be able to come up with that kind of money. Read the rest of this entry »
No Comments » | Advertising, Budgeting, Business Plans, Corporation Law | Tagged: Advertising, amount of money, Budgeting, business, Business Plans, Corporation Law, expenses, law, miscellaneous, money, news, Office, own, start-up, start-up costs, work | Permalink
Posted by DodoLovesMe
Hard Decisions for New Entrepreneur to Hire Employees
November 1, 2008Hiring a staff of employees, or even deciding whether to take on just one in the first place, can be one of the most difficult decisions a new entrepreneur can make.
Labor (and all the associated costs: insurance, additional equipment, supplies) and employer- paid taxes turn the employment section of your budget into your single largest expenditure. Read the rest of this entry »
No Comments » | Budgeting, Jobs, Payroll, Tax | Tagged: business, business starter, employee, entrepreneur, hire employee, money, salary | Permalink
Posted by DodoLovesMe
Make Money by working with Suppliers and Vendors
October 29, 2008Large international corporations have departments crammed full of people whose only responsibility is to buy, buy, buy for the company: office supplies, employee vehicles, computers equipment, phone service, travel . . . you name it, they buy it. Their titles are usually Buyer or Procurement Manager. They also keep track of what arrives when, where it is stored, and how long it will last.
To a new business owner, this is the consummate luxury. Not only do you probably wish you had someone to do all this for you, but you could probably use the same big budget, too. Read the rest of this entry »
No Comments » | Budgeting, Sales, Warehouse Management | Tagged: business, deal with wholesalers, money, people, price, provide, supplies, trade, vendors, wholesalers and distributors | Permalink
Posted by DodoLovesMe
Running a business, minimum Insurances
October 29, 2008Running a business is risky business. Advice on how to make sure your company is properly insured against every possible hazard that may arise could alone fill a book. All business owners decide to take risks at one time or another as a matter of course, but when it comes to choosing insurance, some go all out and insure their business, facilities, employees, and even themselves against the most remote risks, while others buy the minimum amount of insurance, usually for catastrophic events only. Read the rest of this entry »
No Comments » | Budgeting, Home Based Business, Transportation | Tagged: auto liability insurance, business, business insurance, compensation, compensation insurance, cover any fire, coverage, employees, environment, fire insurance, government, insurance, liability, liability insurance, work, workers | Permalink
Posted by DodoLovesMe
Health Financial Record, Keeping the Books
October 27, 2008Even if you hated math in high school, keeping a good financial record of every one of your business transactions—whether it’s checks received or cash receipts for highway tolls paid while traveling on business—is a basic necessity. After all, every entrepreneur wants to know how much money her business is generating both before and after expenses, to see what all of her hard work is worth. Read the rest of this entry »
No Comments » | Accounting, Budgeting, Business Plans, Payroll, Sales, Tax, financial | Tagged: Accounting, bookkeeping, business, cash, enterprise, expense, expenses, finance, financial, financial record, health, method, money, month, news, people, software, sole proprietors, time, travel | Permalink
Posted by DodoLovesMe
Business Plan benefits from having one
October 27, 2008Every business needs a business plan. As a matter of fact, even companies that have been around for a while and have never bothered to write one could benefit from having one.
A business plan is a road map, a blueprint that spells out the specifics of how you plan to grow your fledgling company. It involves you stating on paper what you’re going to do, how you’re going to do it, and the time frame you plan to accomplish it in. Read the rest of this entry »
2 Comments | Budgeting, Business Plans, financial | Tagged: business, business plan, english, history, plan, school, stories, writing | Permalink
Posted by DodoLovesMe
