Admin Greg
07-31-2007, 04:36 PM
SCORE's top 5 business tips
http://www.score.org/business_tips.html
Budgeting
Think of a budget as a useful tool—a written financial plan that helps you set goals and measure progress.
Start by coming up with a sales revenue target. Make it your best estimate.
Based on past experience, estimate your cost of goods sold (e.g., 70 percent of sales) and subtract it from the sales revenue to come up with your estimated gross margin.
http://www.score.org/business_tips.html
Budgeting
Think of a budget as a useful tool—a written financial plan that helps you set goals and measure progress.
Start by coming up with a sales revenue target. Make it your best estimate.
Based on past experience, estimate your cost of goods sold (e.g., 70 percent of sales) and subtract it from the sales revenue to come up with your estimated gross margin.