Hello,
Running a business is a new adventure for me.
So, I may not be doing this right. Please feel free to tell me what you think of my method. I would greatly appreciate your thoughts, ideas, and sharing your own personal experiences!
O.K. This is what I am doing:
I spend the money from our sales to purchase any products we need for our business. For example, our computers, printer, scanner, supplies, etc.
Every cent we make goes right back into our business. Therefore, the balance is almost always the same because I "pay cash" for all of our purchases.
My reasoning: it seems that at one point, we will have almost everything we need to run our business, without debt.
At that point, our balance should grow. We can then start all over with another product. On and on till we reach our websites goal.
But as I said, I'm fairly new to this other side of the business world. :-)
Thanks so much for your thoughts, ideas, and/or suggestions.
Diane
Easy, Simple and Proven... It WORKS!
