Funding your business

Yesterday with my wife and my brother in law we went to the hospital to get blood from my brother in law that my wife will need for her surgery. Thanks to the government we will not pay for the surgery but it really took time to get her into a bed. Hopefully now she will be operated on Monday or Tuesday. This week I learned about the importance of leaving a modest life and as much as I can how to avoid debts. Elder Wirthlin’s “Earthly Debts, Heavenly Debts” speech was very inspiring and gave me the strength on keep working on the way I am working on my $100 challenge. I am not borrowing money to make the $20 I need for the challenge I basically made it selling my sodas. One thing that is helping us to cover our needs is the fact that we are as much as we can reinvest all the incomes we generate and spend always within the margin of profits we set up to be used on everyday expenses That is why the article we read in "Start up on a shoestring" seemed like our own story and I found strength and hope on what I am doing. I like what I learned from Desh Deshpande and ken solo. To learn to be optimistic and willing to change things around are actually two good attributes to learn while in entrepreneurial endeavors. Four stage in the budgeting process:1, setting goals, 2 Evaluating and choosing options 3, identifying budget impact 4, coordinating departmental budget. Budgeting is more than what I thought it was. I learned different kind of budgeting and I learned how to forecast possible scenarios and requirements of a company to budget for those requirements. Budgeting can turn into a powerful tool to measure a business.