3 Steps To Protect Yourself From The Next Goverment Shutdown
3 Steps To Protect Yourself From The Next Goverment Shutdown.
In this entrepreneur series, I will give you resources and tools that will teach you how to Turn Your Content Into Coins. Even if you have a 9to5 we all have had a side hustle or 2 but in today's economy, we are all rethinking creating other opportunities to leverage our gifts and talents and turning them into hardcore cash. Maybe you have had an idea about starting your own business or becoming a beauty influencer. Maybe you have been doing events on the weekend or maybe you started a blog and you are really wanting to pursue your passion for writing full time. But you're wondering how can I turn what I love into a full-time business and really get paid for it. The Questions Is how? Start from where you are that’s my
suggestion would be to take your idea from your head and create a written plan. This allows you to gain clarity so that you may take actions to move forward and get started. Over the next few weeks, you will see how your dreams can turn into a reality.
Having a business plan will allow you to see the mission for your business the cost of what it will take to get started. If you are generating income from your side hustle it will all you to learn how to forecast your revenue.
Here Are A few tips that will help you to build your business plan.
What is a business model?
At its core, your business model is a description of how your business makes money. It’s an explanation of how you deliver value to your customers at an appropriate cost.
These tools let entrepreneurs experiment, test, and, well, model different ways that they could structure their costs and revenue streams. Spreadsheets let entrepreneurs make quick, hypothetical changes to their business model and immediately see how the change might impact their business now and in the future.
The different kinds of business models
In their simplest forms, business models can be broken into three parts:
1.Everything it takes to make something:
design, raw materials, manufacturing, labor, and so on.
2.Everything it takes to sell that thing: marketing, distribution, delivering a service, and processing the sale.
3.How and what the customer pays: pricing strategy, payment methods, payment timing, and so on.
To learn more information on how to expand your business and positions your company to increase in revenue to receive bank funding and business lines of credit for business growth click here