Get a Personal Survival Budget

Posted by Sean North
12
International Trade & Business
Jun 22, 2011
1407 Views
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When I think about the reasons that many people give me for going into business most say, it is a desire to increase their income and to enjoy a better standard of life.

But how many really understand what this really means?

Do you appreciate all of your existing commitments?

Do you know how much you need to make week in week out, to meet your existing needs, never mind to improve your standard of living?

I see too many new and small businesses where no real thought as been given to these vital and pressing matters. Not only do you need to know how much cash you require to survive, the business needs to know how much you require so that informed pricing descisions, ect, can be based soundly and solidly in fact not fiction.

The only person to lose out if these descisions are not made correctly and properly is you.

So Audit yourself and set your survival budget at the start of your business planning proccess

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Sean North
12

Business

thanks for your comment. Feel free to message me Linda, I will assist where I can

Jun 23, 2011 Like it Reply
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Linda R.
6

Animal Rescuer/Thrift Store Owner

I agree with you article and being I am in process of putting together a business plan and organizing for an no kill non profit shelter and rescue to rescue animals from abuse and being abandoned, I have so many ideas and services I want to inclued in this venture and it is hard work but in the long run once I get to the actual start up and operations of the services it will be worth it. I have the determination along with a few great people who are helping with all the details as we go along an

Jun 22, 2011 Like it Reply
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Sean North
12

Business

Thanks Cindy, totally agree the discipline to see things through is a major factor in lots failing

The picture is of Ook the librarian of the unseeen university an orang - utan, a BhangBangduc word meaning "certainly not a monkey" (From the Terry Pratchet Discworld books)

Jun 22, 2011 Like it Reply
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Cindy Bolley
16

HHCTB?

I love that picture Sean
I have talked to many people who are in terrible debt because they just needed a bit
more time to make it work.
I think that program hopping is what causes the most trouble.
Always looking for the latest and the greatest.

I have said for a long time. If you have a good primary business
a way to promote it and know how to promote ...
What more do you need?
NOTHING!

Cindy

Jun 22, 2011 Like it Reply
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