|
|
|
3 Simple But Powerful Off-Line Advertising Strategies
There are several ways to advertise and get the word out about your business online and the best of them include f-ree search engines, pay per click search engines, writing articles, utilizing press releases, doing joint ventures/ad co-ops, and...
Credit Cards - The Basics
How Lenders Operate – And How They’ll Make a Tidy Fortune from the Unknowing
Credit card companies might seem like immensely clever, money making enterprises that exploit every loophole to maximize the interest payments – and profits – they are...
Marketing your Fundraiser for Success
One of the biggest mistakes most groups and organizations make is to not properly market and publicize your fundraiser. Don’t make the mistake of thinking they will just find you because you and your group will be in the right place at the right...
Separating Business From Home Life
If you're a home-based business owner, it could be difficult to manage your time. Since your office is located within your home, you tend to spend much more time working in your office than spending quality time with your family. There is that...
Thought Fixed rate will give you a respite from the perils of variable rates! Think again
Slight increases in the interest rates raise your hackles. Tension grips your mind as to how you are going to make the extra payment. Preparations begin right then to provide for the repayment, though it requires a huge cut in the monthly expenses. ...
|
|
| |
|
|
|
|
|
|
Budgeting Advice for New Craft Businesses
Budgeting Advice for New Craft Businesses
BY: Eileen Bergen
www.theartfulcrafter.com
Every crafter or, for that matter, every business person must learn
to control spending from the very onset of the venture. As a
matter of fact, you should not even be in business unless you
have drawn up at least a simple business plan and budget.
Your budget should be grounded in reality and subject to change as
circumstances require. In other words, if you income came in 20%
below your projections, expenses will have to be cut to make up
for the hopefully temporary shortfall.
One serious mistake a small business person makes in a situation
like this is to assume that s/he will make up the income
shortfall and continue the spending side of the budget without
any adjustments.
Most small businesses are undercapitalized to begin with, so it
really pays to be conservative. I have always tried to make sure
that a craft is making enough money to pay for itself before
stocking up on more supplies or new equipment. I try to get a substantial down payment if
an order would require that I
increase my raw material inventory. Everything that I do must be
self-supporting.
Do some research if you plan to add a new type of craft to sell.
Try to determine if there is a market and if it looks profitable.
Again be conservative in your assumptions and start out slowly.
Of course, not everything works as planned. On several
occasions, a craft I thought would sell well didn’t. But because
I didn’t go too far out on a limb buying inventory, the loss was
always minimal. If you’re lucky you can even recycle the materials
into some other project.
As time passes, you will learn what works
and what doesn’t. As you
gain this knowledge, you should be making adjustments to your
budget to reflect reality.
This is made much easier by careful record keeping. You can use a
simple spreadsheet or a small business software package. You can
even use paper and pencil if you can’t afford the software.
If you track the cost of your materials, the costs of marketing
your products and the actual income you receive, you will know if
your budget is on track, if you can afford the new tool you want or
if you should stock up on more inventory. You will also be able to
decide if you should branch out or change direction.
The bottom line is that you cannot afford to throw money at your
business. You must try to work around obstacles in a cost efficient
manner. While your budget may reflect a short period of losses at
the very beginning, losses cannot be allowed to go on unchecked.
Careful, consistent tracking and a dynamic budget, one that
reflects reality, should be major tools that you use constantly in
your decision making processes.
If you use them, you should be able to avoid the fate most small
businesses face today - failure.
For more articles on the business of crafting and how to get
started selling your crafts, please visit The Artful
Crafter - Your Craft Business Guide.
BY: Eileen Bergen
The Artful Crafter
www.theartfulcrafter.com
About the Author
Ms Bergen has had a varied career, first as
a special education teacher and then, after geting a MBA degree, as a vice president for a major insurance company. For the last eight years, she has been making and selling crafts.
|
|
|
|
|
| Finance - Leases-Leasing Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| Finance: Leases Leasing Articles from EzineArticles.com |
| http://ezinearticles.com/?cat=Finance:Leases-Leasing Free Content For Your Ezine or Website http://creativecommons.org/licenses/by-nc-nd/2.0/ Why use your ... |
| ezinearticles.com |
|
| Leases Leasing - Money & Finance Articles |
| Leases Leasing - Money & Finance Articles. Money & Finance | Accounting & Payroll | Bankruptcy | Business & Loans | Credit Tips | Currency-Trading ... |
| www.article99.com |
|
| Finance » Leases Leasing » Absolute Article Directory |
| Absolute Article Directory: Finance, Leases Leasing. |
| www.absolutearticle.com |
|
| - Leases-Leasing |
| By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
| www.articlebar.com |
|
| Leases Leasing |
| You are here: Article Directory arrow Article Directory arrow Finance arrow Leases Leasing ... Leases Leasing. Articles ... |
| www.rumorist.com |
|
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan ... |
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan Florence One Way Paris London Frankfurt Madrid Lisbon. |
| www.ideamerge.com |
|
| europe car rental leases leasing one way rentals long term renault ... |
| pictured is the Renault Laguna Estate, With Renault tax-free, short-term auto leasing you get the exact, brand-new vehicle you reserve, plus unlimited miles ... |
| www.ideamerge.com |
|
| Private Fleet - Finance, Insurance, novated leases, leasing, CHP ... |
| New Car Broker Australia. Private Fleet sales discounts on your new car purchase, no haggle, no hassle saving $1000s off all new and used cars for private ... |
| www.privatefleet.com.au |
|
| Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
| Projector leasing programs and services. Choose a company. |
| www.projectorcentral.com |
|
| Category: leases-leasing |
| Category... leases-leasing. Results 1 - 3 of 3. Search took 0.01 seconds. Page 1 of 1. Buy or Lease: Which Automobile Transaction is Better? ... |
| www.articler.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
| www.dellagnese.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
| www.dellagnese.com |
|
| The-Arts-Magazine.com - Leases-Leasing |
| Home arrow Article Links arrow Finance arrow Leases-Leasing. Main Menu ... Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. |
| www.the-arts-magazine.com |
|
| OmegaMotors.com - Your Money - Leases - Leasing Overview |
| Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
| www.omegamotors.com |
|
| Entertainment Guide - Leases-Leasing |
| Sunday, 03 December 2006, Home arrow Article Resources arrow Finance arrow Leases-Leasing ... Mosets Tree. Leases-Leasing ... |
| www.entertainment-resource-directory.com |
|
| - Leases-Leasing |
| Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. spacer.png, 0 kB. spacer.png, 0 kB. download joomla modules download joomla ... |
| www.healthcare-resource-guide.com |
|
| FINANCEDEPARTMENT.COM- Finance, Mortgages, Leases, Leasing ... |
| Finance, Mortgages, Leases, Leasing, Brokerage Houses, Mortgage Lending. |
| www.financedepartment.com |
|
| vehicle leases leasing guide and facts |
| vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
| www.shopperfavorites.com |
|
| - Leases-Leasing |
| spacer.png, 0 kB. spacer.png, 0 kB. Home arrow Article Resources arrow Finance arrow Leases-Leasing. Mosets Tree. Leases-Leasing ... |
| www.cars-directory-guide.com |
|
|