Saturday, September 10, 2005

[Biz] How to Start a Business

This is where I’ll be compiling my business course notes over the next couple of weeks. General impression: it’s easy to start your own business, provided you’re comfortable with a couple of simple business ideas.

First up, I’ll be talking about how to cost your labour and price your product – which gives you a yearly and hourly figure to earn. Then, as an example, I’ll think about the revenue streams I could use to earn that figure.

That leads naturally into cashflow forecasting (how much money you expect to make in the next year) – which pairs nicely with running a cashbook. And, after all that, tax.

No comments: