Business is mostly conducted via email or phone communications.
Office hours 10:00 a.m. to 6:00 p.m, Mon. - Thurs., and 10:00 a.m. to 2:00 p.m. on Fridays.
SEND EMAIL INQUIRIES DIRECTLY TO:
Dawn.Boyer@me.com
Business is mostly conducted via email or phone communications.
Office hours 10:00 a.m. to 6:00 p.m, Mon. - Thurs., and 10:00 a.m. to 2:00 p.m. on Fridays.
SEND EMAIL INQUIRIES DIRECTLY TO:
Dawn.Boyer@me.com
Business is mostly conducted via email or phone communications.
Office hours 10:00 a.m. to 6:00 p.m, Mon. - Thurs., and 10:00 a.m. to 2:00 p.m. on Fridays.
SEND EMAIL INQUIRIES DIRECTLY TO:
Dawn.Boyer@me.com
The First Step in Writing a Business Plan – Simple Math
November 22nd, 2011 by Dawn Boyer
A job search is common sense, not a secret process.
Corey L. Johnson – Network Engineer, Program Manager, Project Manager
Roy T. Johnston – Program Manager, Submarine Officer, Inspector
To portray yourself as a professional, you must use professional tools.
Metricize Your Resume into a Capability Statement
Before you can write a business plan, you need to determine if you can ‘afford’ to go into business for yourself and still support yourself and/or your family. Determine what finances are needed to support and grow your business. Use this simplified table to envision the bottom line for your financial needs, and then determine your business’ financial requirements for all aspects, including marketing, advertising, and other actions to increase business and revenue. (Completed sample on next page; you can add in more lines on your spreadsheet as needed and where feasible.)
|
Financial Obligation(s) |
Monthly |
Annually |
Weekly Income Required |
|
Personal |
$ | $ | $ |
|
Mortgage |
|||
|
Car/Transport. |
|||
|
Utilities/TV |
|||
|
Food/Groceries |
|||
|
Phone/Comms. |
|||
|
Property Taxes |
|||
|
Clothing |
|||
|
Insurance |
|||
|
Children |
|||
|
Etc. |
|||
|
Savings/Retirement |
|||
|
Sub-Total A = |
$ | $ | $ |
|
|
|||
|
Business |
|||
|
Property/Rent |
|||
|
Equipment |
|||
|
Utilities |
|||
|
Telephone/Comms. |
|||
|
Computers/Software |
|||
|
Insurance |
|||
|
Fuel/Commute/Gas |
|||
|
External SMEs |
|||
|
Office Overhead |
|||
|
Payroll |
|||
|
Advertising/Biz Dev. |
|||
|
Social Media/PR |
|||
|
Legal /HR |
|||
|
Sub-Total B = |
$ | $ | $ |
|
|
|||
|
Profit Margins |
|||
|
Profits needed |
|||
|
Business Reinvestment |
|||
|
Sub-Total C = |
$ | $ | $ |
|
|
|||
|
Grand Total (A+B+C) = |
$ | $ | $ |
Completed Sample Sheet:
|
Financial Obligation(s) |
Monthly |
Annually |
Weekly Income Required |
|
Personal |
$ | $ | $ |
|
Mortgage |
2,000.00 |
24,000.00 |
461.53 |
|
Car/Transport. |
250.00 |
3,000.00 |
57.69 |
|
Utilities/TV |
358.00 |
4,296.00 |
82.61 |
|
Food/Groceries |
640.00 |
7,680.00 |
147.69 |
|
Phone/Comms. |
375.00 |
4,500.00 |
86.53 |
|
Property Taxes |
231.66 |
2,780.00 |
53.46 |
|
Clothing |
200.00 |
2,400.00 |
46.15 |
|
Insurance (Hth/Lfe/Hme/Car) |
550.00 |
6,600.00 |
126.92 |
|
Children (child care) |
450.00 |
5,400.00 |
103.84 |
|
Incidentals/Leisure/Hobbies |
400.00 |
4,800.00 |
92.30 |
|
Savings/IRA |
200.00 |
2,400.00 |
46.15 |
|
Sub-Total A = |
$ 5,654.66 |
$ 67,856 |
$ 1304.87 |
|
|
|||
|
Business |
|||
|
Home Office / Rent |
50.00 |
600.00 |
11.53 |
|
Equipment |
75.00 |
900.00 |
17.30 |
|
Utilities |
25.00 |
300.00 |
5.76 |
|
Telephone/Comms. |
75.00 |
900.00 |
17.30 |
|
Computers/Software |
41.66 |
500.00 |
10.42 |
|
Insurance |
100.00 |
1,200.00 |
23.07 |
|
Fuel/Commute/Gas |
200.00 |
2,400.00 |
50.00 |
|
External SMEs |
1,000.00 |
12,000.00 |
230.77 |
|
Office Supplies |
120.00 |
1,440.00 |
27.70 |
|
Employ. Payroll (not owner) |
600.00 |
7,200.00 |
138.47 |
|
Advertising/Biz Dev. |
400.00 |
4,800.00 |
92.30 |
|
Social Media/PR |
100.00 |
1,200.00 |
23.07 |
|
Legal /HR |
100.00 |
1,200.00 |
23.07 |
|
Sub-Total B = |
$ 2,886.66 |
$ 34,640 |
$ 670.76 |
|
|
|||
|
Profit Margins |
|||
|
Profits (owner salary) |
2,500.00 |
30,000.00 |
576.92 |
|
Business Reinvestment |
1,000.00 |
12,000.00 |
230.76 |
|
Sub-Total C = |
$ 3,500 |
$ 42,000 |
$ 807.68 |
|
|
|||
|
Grand Total (A+B+C) = |
$ 12,041.32 |
$ 144,496.00 |
$ 2,783.31 |
The weekly budget needs grand total equals what you must make in revenue each week to meet or exceed what you need to sustain your personal life and your business. Start writing your business plan using these general numbers to show (not tell) your bank or investors HOW you are going to make the minimum income every week.
Copyright, 2011, Dawn D. Boyer
Readers Comments
The Best Host for Websites – Highly Recommended for Customer Service
The First Step in Writing a Business Plan – Simple Math
November 22nd, 2011 by Dawn Boyer
Before you can write a business plan, you need to determine if you can ‘afford’ to go into business for yourself and still support yourself and/or your family. Determine what finances are needed to support and grow your business. Use this simplified table to envision the bottom line for your financial needs, and then determine your business’ financial requirements for all aspects, including marketing, advertising, and other actions to increase business and revenue. (Completed sample on next page; you can add in more lines on your spreadsheet as needed and where feasible.)
|
Financial Obligation(s) |
Monthly |
Annually |
Weekly Income Required |
|
Personal |
$ | $ | $ |
|
Mortgage |
|||
|
Car/Transport. |
|||
|
Utilities/TV |
|||
|
Food/Groceries |
|||
|
Phone/Comms. |
|||
|
Property Taxes |
|||
|
Clothing |
|||
|
Insurance |
|||
|
Children |
|||
|
Etc. |
|||
|
Savings/Retirement |
|||
|
Sub-Total A = |
$ | $ | $ |
|
|
|||
|
Business |
|||
|
Property/Rent |
|||
|
Equipment |
|||
|
Utilities |
|||
|
Telephone/Comms. |
|||
|
Computers/Software |
|||
|
Insurance |
|||
|
Fuel/Commute/Gas |
|||
|
External SMEs |
|||
|
Office Overhead |
|||
|
Payroll |
|||
|
Advertising/Biz Dev. |
|||
|
Social Media/PR |
|||
|
Legal /HR |
|||
|
Sub-Total B = |
$ | $ | $ |
|
|
|||
|
Profit Margins |
|||
|
Profits needed |
|||
|
Business Reinvestment |
|||
|
Sub-Total C = |
$ | $ | $ |
|
|
|||
|
Grand Total (A+B+C) = |
$ | $ | $ |
Completed Sample Sheet:
|
Financial Obligation(s) |
Monthly |
Annually |
Weekly Income Required |
|
Personal |
$ | $ | $ |
|
Mortgage |
2,000.00 |
24,000.00 |
461.53 |
|
Car/Transport. |
250.00 |
3,000.00 |
57.69 |
|
Utilities/TV |
358.00 |
4,296.00 |
82.61 |
|
Food/Groceries |
640.00 |
7,680.00 |
147.69 |
|
Phone/Comms. |
375.00 |
4,500.00 |
86.53 |
|
Property Taxes |
231.66 |
2,780.00 |
53.46 |
|
Clothing |
200.00 |
2,400.00 |
46.15 |
|
Insurance (Hth/Lfe/Hme/Car) |
550.00 |
6,600.00 |
126.92 |
|
Children (child care) |
450.00 |
5,400.00 |
103.84 |
|
Incidentals/Leisure/Hobbies |
400.00 |
4,800.00 |
92.30 |
|
Savings/IRA |
200.00 |
2,400.00 |
46.15 |
|
Sub-Total A = |
$ 5,654.66 |
$ 67,856 |
$ 1304.87 |
|
|
|||
|
Business |
|||
|
Home Office / Rent |
50.00 |
600.00 |
11.53 |
|
Equipment |
75.00 |
900.00 |
17.30 |
|
Utilities |
25.00 |
300.00 |
5.76 |
|
Telephone/Comms. |
75.00 |
900.00 |
17.30 |
|
Computers/Software |
41.66 |
500.00 |
10.42 |
|
Insurance |
100.00 |
1,200.00 |
23.07 |
|
Fuel/Commute/Gas |
200.00 |
2,400.00 |
50.00 |
|
External SMEs |
1,000.00 |
12,000.00 |
230.77 |
|
Office Supplies |
120.00 |
1,440.00 |
27.70 |
|
Employ. Payroll (not owner) |
600.00 |
7,200.00 |
138.47 |
|
Advertising/Biz Dev. |
400.00 |
4,800.00 |
92.30 |
|
Social Media/PR |
100.00 |
1,200.00 |
23.07 |
|
Legal /HR |
100.00 |
1,200.00 |
23.07 |
|
Sub-Total B = |
$ 2,886.66 |
$ 34,640 |
$ 670.76 |
|
|
|||
|
Profit Margins |
|||
|
Profits (owner salary) |
2,500.00 |
30,000.00 |
576.92 |
|
Business Reinvestment |
1,000.00 |
12,000.00 |
230.76 |
|
Sub-Total C = |
$ 3,500 |
$ 42,000 |
$ 807.68 |
|
|
|||
|
Grand Total (A+B+C) = |
$ 12,041.32 |
$ 144,496.00 |
$ 2,783.31 |
The weekly budget needs grand total equals what you must make in revenue each week to meet or exceed what you need to sustain your personal life and your business. Start writing your business plan using these general numbers to show (not tell) your bank or investors HOW you are going to make the minimum income every week.
Copyright, 2011, Dawn D. Boyer
The Best Host for Websites – Highly Recommended for Customer Service
LinkedIn – Join my 14,000+ Connections
Blog Post List
A job search is common sense, not a secret process.
Blog Post List
A job search is common sense, not a secret process.
LinkedIn – Join my 14,000+ Connections
Blog Post List
A job search is common sense, not a secret process.
Blog Post List
A job search is common sense, not a secret process.
LinkedIn – Join my 14,000+ Connections
Blog Post List
A job search is common sense, not a secret process.
Blog Post List
A job search is common sense, not a secret process.
