6 techniques every business owner
must know Don't miss out on financial management!!It is considered very normal, especially lately that we have a lot of new businesses emerging. Each person wants to own their own business one day because it is their own boss. Right? Saying that to be successful in business is not easy. To be a good entrepreneur, you have to know everything. Trading must know marketing. You need to know how to
1, separate accounts clearly between personal money and business capital. I say that this is very important because it happens to many new businessmen. This new thing is enough to start. Have income when starting to have a profit, right? Many people are unaware that she can take anything and then take the expenditures of this company with her own finances, which I must say that this is a taboo that should not be done So it's not good at all because if we do it more often and more often, we don't know, so we ask if we've created it, why it has many expenses, how much revenue, and how long should it last? Yes, this is the
Accounting. The problem is not over here because it will lead to confusion in calculating taxes, both personal tax and corporate tax, but there is a solution. It's easy to start with. Managing your own finances by setting a salary for yourself because you don't get salary, you can use the next salary to use for doing anything for a trip with us. Let's see if we are doing business. Our salary is considered as one of the expenses of the company. When we can separate this type, here's a more overview of which one is. Income and what part is expenditure. As for the money that we use for circulating in the business, we can convert it into petty cash or not. It's the
All of them and expenses that have to be paid regularly, such as employees, water bills, electricity bills, rent, etc., then I recommend that you create a file and keep it in order, and more so that our company is stable. No need to separate 2-4-2 to manage it. The car reaches Fixed cost and the revolving fund invests in the project, sir? Because if we pull all of them together, accidentally the customer pays the money and it's late, press hold but I forgot. and then proceed to the balance, will go into this account whenHow much here we are
See more Click to watch the videoable to organize the money, then that the money never had to be used for anything, which is to make the income and expenses of the business only, which by doing this helps to make We also check if we have enough money in the refrigerator to see more. For example, you will hire a graphic designer to help you advertise for you. How much is this? And if you add me, how much is it enough to enter the camp, right? Like this, it helps you make a much better financial plan. For example, let's say that If this month or how, have to return some unnecessary expenses, which in this era, accounting for current income and expenses makes it much easier because it has an online
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