All tagged strategy

"If It's Not Fun, Why Do It?" Ice Cream & Bookkeeping

Did you know July is National Ice Cream month? Have your kids required an ice cream stop when you finish at your favorite swimming destination?  Keeping kids happy can be a challenge, but sometimes ice cream helps. (Or it at least keeps the van quiet for 10 minutes.) I recently saw a Ben & Jerry’s bumper sticker with their tagline “If it’s not fun, why do it?” and had to weigh in on the subject. Ice cream is one reason for screaming – frustration over bookkeeping is another. Completely different emotions between the two, but the same result!

Here are 5 quick reasons why doing the “not fun” work of bookkeeping is important...

We Can Make One of Those! Creating a Business Plan

Have your kids been asking you to buy stuff? Maybe they’ve wanted a treehouse or a sock monkey or hair-doozies? When I was young, one of my mom’s favorite lines was “We could make one of those.” Little did I know that it would become one of my favorite lines as a parent. Knowing your skill set and being able sustain an income from it can stay a theoretical concept or you can make it a reality. Create a business plan to help you get started. This should be a “living” document, which means it is fluid and adaptable.

It is important that you write your own business plan as it is good discipline and you will quickly find out if you are going to make money or not. Be sure to do a 4-year forecast and sales projections to see what is going to happen on the Profit and Loss.

This mission, should you choose to accept it, should include the following…