Numbers don’t lie.
The biggest mistake small business owners can make is not knowing the numbers of their business. Read this post on why small businesses fail.
Some people don’t make the time. Some people don’t have the proper systems set up. Some people think they don’t know enough. WELL, the answer is simple: make the time,...
Category Archives: Finance
Sage Declaration No. 9 ::: Know Your Numbers
Financial Planning for the Wedding Industry, Part 3
This week we have been working on numbers galore! First we worked on an expense budget for 2010. Yesterday, we worked on a sales plan in which we determined our break-even sales and our targeted sales. What I love about this exercise is that you can play all sorts of “what-if” games:
What if I cut...
Financial Planning for the Wedding Industry, Part 1
As we gear up for the New Year we’ve been working on preparing ourselves for 2010. Last week, we had a series of goal-setting posts. In goal-setting we made a list of 5 things we want to do in our businesses next year and determined SMART strategies for accomplishing these goals. It’s equally important to...
Start-ups, Part 2: Start-up Budget
This week, we are discussing start-ups! In yesterday’s post, we discussed the first things you need to do when launching your wedding business. We provided a handy-dandy checklist for you of 30 items that will help you start out on the right footing. Today, let’s talk money, honey.
Money Matters…
When it comes to financing your start-up,...
Why Wrong Pricing Will Kill Your Business
Yesterday, we discussed an easy approach to pricing your products and services in the wedding industry. Today, I’m going to talk about the biggest pricing mistake: pricing too low.
The most common mistake new businesses make is competing on price. LISTEN TO ME: this will only get you so far! STOP the insanity. You must find...