Lesson 4
Founding Your Budget
This week was all about budgeting and how to help your company start up and it really demonstrate how important is budgeting for a company, It doesn't matter at what stages it may be if they fail in budgeting they set up their self into failure. It is important to not underestimate the power of the variable cost, because most of the time they predict your future. In every aspect being a head of a family or a head of your company an important key word is SAVE. Saving will allow overcome your rainy days or when unexpected thing will happen. Saving are important even when you want to achieve a goal or something you need to plan it a had of time and save little by little so you don't get your self bounded in debt. Sometimes debt are so powerful that you may loose control of your company or even you life. This week for 100 $ project we need to figure out how we are going to provide the money. I choose to use my personal founds and of course pay my self back later. Since the budget need to be limited to 20$ for my project I choose to order a smaller amount and to get a cheaper shipping or free shipping that will take longer time to arrive in Albania. I figure out in meanwhile we can start promoting online our products.
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