Then I remembered that I have a business consultant. Brenda is awesome and a good friend. Up until recently we had only been meeting and discussing the more abstract portions of my business. But I quickly emailed her late one night asking for more practical assistance. I also sent her the excel sheets I had been working on.
|Credit: Ken Teegardin on Flickr|
Cue Brenda, the good witch, lol. We met and talked and she explained what it was I was looking to make and use in business terms. Which somewhat went over my head. And then, she came back with awesome excel sheets made up just for me. Now I know what cash flow is and how it looks in a chart. That it will help me figure or how much I need to sell to make a certain amount. I can play with it and adjust it for different scenarios.
She also helped me streamline a COGS, costs of goods sold, chart. I had made one but this one is easier on the eyes, plus I know what its called now. I've also got a sales and costs worksheet as well as an income statement. All four together will help me keep track of costs, sales, expenses and income for my business. It was all very helpful and will be for a long time. There's some relief knowing what I'm doing now because its written down in a way I can understand and remember. Thank you Brenda.
Scarlet Moon Creations