monicasflores

Personal Information

My Goal for the Year: To support my children and guide them towards their interests.
To practice being a fully alive, conscious, and evolved spiritual being.

History

Member for: 2 years 36 weeks

Budgeting for Success

Tue, 11/17/2009 - 5:43pm | by monicasflores

I'm a big fan of monitoring your success "by the numbers," meaning finding a number and tracking that over time, to get a sense of how your project is going.

For example, in a business, you could track income and expenses per month (your profit and loss statement) as well as your balance sheet (how much the company is worth at any given moment). In a household, consider tracking how much is being spent on specific items such as food (groceries and meals out), housing (mortgage or rent), taxes (local, state, and federal), transportation (bus or train fare, gas costs), entertainment (outings, films, events), and/or school expenses/tuition.

Tags:

Join our community

Permalink:

Family-owned businesses

Fri, 10/02/2009 - 1:02pm | by monicasflores

I read today about local businesses raising money from their own communities, like through selling "store credit" for $1000 and offering a $500 additional bonus for buying.

I think this is a great idea.

We have a family-owned business ourselves and I've often thought about if this is something we can sustain through the next generation, to give my children something that takes care of them, as well as something they can take care of.