Saturday, October 18, 2014

Funding and Managing Money

So here I am at the end of the another week of class.  This week has been about getting funding and being able to manage what we have.  Having worked in the financial industry for a while now, this week was more of a refresher to what I have learned in the past.  I did enjoy reading in the book about the way to "franchise" our business.  Which means that in order to make our business run smoothly, we should think of it as a product and determine what that product needs to have in it in order to work.  I also enjoyed reading about how we are stewards of our possessions and we are not to waste what our Father in Heaven has given us.  A thing that I want to remember about running a business is that a lot of business run a "boot strap" style with their finances, meaning that they do not spend a lot on unnecessary things even if they have millions of dollars. Just because we have the money doesn't mean we need to spend it.   This week I also decided to personally fund my $100 start-up as I don't really need much to start it as I have most of the ingredients that I will need in my pantry.  

No comments:

Post a Comment