Sunday, February 1, 2015

My $ 100 Challenge and my business plan

How my $100 challenge is going. Actually my business of selling soda is changing a lot. Today with my wife agreed to divide responsibilities. So she is now taking care of the books. In that way we focus on determine how many sodas we sell per day and by the end of the day we check how much is the capital, how much the real profits. What happened as a result we knew how much we were allowed to use in the house, how much we were allowed to capitalize and how much is possible to save to reinvest in the other businesses, like paying the fee for the website and promoting the English lessons which is actually the other business that obviously when running makes more money that selling sodas individually. We are in the Learning process. I am not sure about my business plan. I need more time to study and review the material and see what else can be improved. I really enjoyed the reading about Heather case and I was really impressed about the way she wrote her business plan, I want to learn to do that. I did the assignment of HMM but I want to recheck it again and write my business plan under those suggestions. It has been a challenging week. But I have to keep going.

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