Posted on: 18th Dec, 2009 06:03 am
I am a straightforward type of person. because of this I have 5 type of business. i earn money enough. But now I just recall that i have 5 business and there no manegment of business.
I don't know my neat income. I cant manage well. Please tell me to managing way and hoe i good come back?
How i budget?
I don't know my neat income. I cant manage well. Please tell me to managing way and hoe i good come back?
How i budget?
get 5 envelopes, one for each business; put all your receipts, bills, etc. for business 1 in the first envelope; put all your receipts, bills, etc. for business 2 in the second envelope; put all your receipts, bills, etc. for business 3 in the third envelope; put all your receipts, bills, etc. for business 4 in the fourth envelope; need i say anything additional about business 5?
before you do all that, though, take out a pen and paper (or a notebook) and write down each of the businesses, giving them the numbers 1 through 5. oh yeah...when you get the envelopes, label them so you'll know which one is which.
you could also open 5 different offices and that would certainly help you break down which one is which. you might hire someone, also, to help you with breaking things down.
is this a new occurrence, or have you always had multiple businesses? are they all related, or are they completely different in scope?
before you do all that, though, take out a pen and paper (or a notebook) and write down each of the businesses, giving them the numbers 1 through 5. oh yeah...when you get the envelopes, label them so you'll know which one is which.
you could also open 5 different offices and that would certainly help you break down which one is which. you might hire someone, also, to help you with breaking things down.
is this a new occurrence, or have you always had multiple businesses? are they all related, or are they completely different in scope?
gmakerley
thank you for your responce
thank you for your responce
a pleasure
I'd also recommend opening different bank accounts, or at least different suffixes within your bank account for each business.
Run your transactiosn for each business through their bank account as much as possible. this will help you keep track of what you are making and spending in each business.
Run your transactiosn for each business through their bank account as much as possible. this will help you keep track of what you are making and spending in each business.
I was heated by unmanaged of business. Therefor i will follow this kind information.
of course, you could shut down 4 of the businesses, and run only one. that would give you the time and energy, one would think, to effectively run that one.