Being a WAHM means many different things to different people. Some say its because you have a home business with a a direct sales company. Others say its because they stay home with the kids while cafting items to sell on the weekends. Some say you don't even need to be a mom to be a WAHM.
We want to hear from you. What defines you as a WAHM?
Olivia Vidal
© 2009-2010
Welcome!
Find Articles for building a better business, Sales and Specials, from fellow WAHMs, Party tips, Fundraisers, Product Reviews, Advertising, WAHM Tips, Recipes, and so much, much more! Take a moment to visit some of our favorite links before you leave. Don't forget to leave your comments and interact with others. Enjoy!
"The only way to discover the limits of the possible is to go beyond them into the impossible"
~ Anonymous
Find Articles for building a better business, Sales and Specials, from fellow WAHMs, Party tips, Fundraisers, Product Reviews, Advertising, WAHM Tips, Recipes, and so much, much more! Take a moment to visit some of our favorite links before you leave. Don't forget to leave your comments and interact with others. Enjoy!
"The only way to discover the limits of the possible is to go beyond them into the impossible"
~ Anonymous
Watching your bottom line
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Wednesday, October 20, 2010
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Labels:
bottom line,
business,
excel,
expense,
money,
profit,
quickbooks,
success
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0
comments
Every business does not end its expenses at start up. You will constantly need to reinvest. Reinvestment can be new products to demo, samples, business materials such as catalog and brochures, advertising, and so on. But how much do you make in the end? I can ask a successful person and they have the answer. One who is not so successful will tell you the initial commission. Why? Because a successful person is always watching the bottom line and where all monies are going.
Always know what is coming in and what is going out. If you don't know these basic figures, who do you know what your profit is? Your profit is not your commission percentage. It is what comes in at the end of the day after your business expenses.
Track your mileage, prize cost that you give away, cost of catalogs, pens, anything you pay for to run your business. This is how you will find what it costs you to run your business and give you the end percentage you earn from sales.
Track money coming in and out using excel, quickbooks, an old fashion ledger. There are several programs and resources to help you keep on top of your business and watch your bottom line
Olivia Vidal
© 2009-2010
Always know what is coming in and what is going out. If you don't know these basic figures, who do you know what your profit is? Your profit is not your commission percentage. It is what comes in at the end of the day after your business expenses.
Track your mileage, prize cost that you give away, cost of catalogs, pens, anything you pay for to run your business. This is how you will find what it costs you to run your business and give you the end percentage you earn from sales.
Track money coming in and out using excel, quickbooks, an old fashion ledger. There are several programs and resources to help you keep on top of your business and watch your bottom line
Olivia Vidal
© 2009-2010
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