Preparing a business plan is the most important part of starting a business. So much rests on the business plan, from financing to suppliers. A business plan shows that you are prepared, educated, and dedicated to your business. A good business plan will define what your business is about, where you expect it to go in the future and how you will get there. The following outline the essentials of a good business plan.
Just like in any versions of documents, Google Docs detects misspelled words that you put in your worksheet. In the tools menu, you will see the spellchecker icon which allows you to check the spelling of your words.
Accounting Period – this phrase actually refers to the period of time in which the data of a particular individual or company is tracked and recorded. For the most part, the usual span of time of this phrase covers a month. Although the government also gets quarterly, semi annual and Annual Report Printing as well, these experts prefer to do their reports on a monthly basis since it covers all periods. In bookkeeping, it is the bookkeeper that manages the books.
About 14 years ago I read the company annnual report of a large mineral company. In it they said that when they mined minerals from a piece of land it is so devoid of nutrients that without intensive efforts to restore the fertility of the land they have mined nothing will grow for 1,000 years or more.
In reality, most college students leave out when they are 18 under the guidance of parents who have worked for many years for to save up for this growing expense. Usually the plan is sound, but many students find the need to spend more money than the parents originally planned for. That 88′ Honda Civic isn’t going to cut it for a hot Facebook picture. No, students of this generation feel the need to have new cars, designer clothes, and spend money way above what they have coming in. Students acquire items with contracts, cars, and cell phones which come with a monthly payment. What happens when those Dolce jeans for $199 override the need to pay the $100 cell phone bill? The cell phone company reports on the young fashion diva’s credit report that it is past due and sends him or her to collections.
Once a company has grown past the rule breaker stage, it becomes a tweener and either dies or goes on to become a rule maker. Tom writes the second half devoted to finding these Rule Makers — companies large and successful enough to dominate their industries.
After that, you need to reduce the percentage of credit that you are currently using. Paying down the revolving credit debt that you have will improve your credit score.
After 10 years, compare the money you’ve received from your income portfolio with that of your “Foolish” portfolio. I bet you’ll be glad that you kept 95% of your money invested in proven income investments.