Money Management

Managing your money is very important. When you have a business you must seperate your business money from your personal money. If you do not seperate the money then you will find yourself in a lot of problems and you will end up being indebted to your business.

One way to seperate your business money from your personal money is by opening a seperate account just for the business. Whether the money will be staying there for a long time or a short time, it allows for record keeping and also seperation of money.

If you do not want to open a seperate account, then you must have the discipline to keep the money seperated at all times otherwise you will end up in BIG BIG problems.

When you seperate the business money from your personal money you will see if you are making any profit and how much profit you are making.

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11 Responses

  1. You actually make it seem so easy with your presentation but I find this topic to
    be really something that I feel I would never understand.
    It kind of feels too complex and very huge for me.

    I am having a look forward to your next submit, I’ll attempt to get the hang of it!

    • It’s not easy because even I myself struggle to do it, but when ever you do it this way it always works out better. It’s a daily thing so everyday just try to do what you know is right and eventually it will become easier. When you try it let me know what you think or feel.

      Then you should be able to do it for 2 months and see if it wont be better for you? When ever I practice it with my Avon business, I can see the difference and feel the difference.

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  5. Very good post. I will be facing many of these issues as well.

    .

  6. Hello! I know this is kinda off topic however I’d figured I’d ask.
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  7. There is definately a great deal to know about this subject.

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