Tampilkan postingan dengan label small business accounting. Tampilkan semua postingan
Tampilkan postingan dengan label small business accounting. Tampilkan semua postingan

Rabu, 09 November 2011

Start an Urban Clothing Store - Distro or Indie Clothing Store

Urban Clothing Store, widely known as Distro or Indie Clothing Store, sell unique hand-made clothing mostly shirts and jeans. Accessories are also sold under Urban or Indie ' flag such as sneakers or hats, scarves, funky jewelry, shoes, and more.

Simple items that can be home-made in smaller home industry scale such as:
1. Take plain basic t-shirt in white. Tie into a scrunchie and dip into coloring in multiple layers. Untie and dry the t-shirt
2. Take plain basic t-shirt in different color. Embossed with unique wording and catchy phrases.
3. Take any t-shirts in different color. Sew in beads and rhinestone to create abstract pattern or girly wording
4. Take any simple white sneaker and decorate with any creative material that you can think of
5. Take any ethnic fabrics or thread or beads and turn them into clothing and jewelry
etc.

Prepare, plan and execute:
- target market: population, age, demographic
- location: city corner or malls or web presence such as online shop
- brand identity: using cartoon pejorative or hyperbole words, using local ethnic slangs, using sexist or specific chauvinistic or feminist words and or design associated-details
- brand and product pricing
- effective and efficient production
- broadcast, publish and market the business: use marketing from sponsoring local band to putting newspaper or magazine print ads; use social network platforms such as tumblr, facebook and twitter
- sell, sell and sell

Minggu, 09 Oktober 2011

Creating an Effective System of Accounting at Home

Whether you are just running a discipline bookkeeping records (for a multitasking homemaker) or running a small home-based business, you can always rely on effective method of accounting to get most out of it. The goal is to be able to know : where your money goes, do you make a profit / saving or do you have a loss/ deficit, and what are the balance of your money.

How to Create a Simple yet Effective System of Accounting at home:

1. Define your Home Accounting Buckets (HAB) separately such as where will go to Revenue / Income (such as: salary, tips, proceed from garage sale, proceed from catering business, etc.), Expense (such as: mortgage payments, children's books and clothing, health insurance, car insurance, property tax, car payments, gasoline, Metra commuter train tickets, groceries for household, groceries for catering home-based business, donations to charities, etc.), and Investment (such as: 401K balance and contribution, stocks, ETF, bonds, gold, investment properties, etc.)

2.  Keep the receipts and put them into separate batches according to your HABs above.

3.  Add and Deduct each activity from the HABs above, then you will be able to get Net Saving / Net Income by reducing Expense HAB from Revenue HAB. If Expense is greater than Revenue or Income then you will end up with a loss or a deficit, otherwise you will be having a surplus.

4.  From a surplus, a household or a home-based business will decide to use the surplus to have activities in Investment HAB. A home-based business can decide to enlarge the business for example a catering business can decide to buy bigger stove or bigger oven or purchase more delivery vehicles; whereas a household can decide to use the surplus to buy stocks and bonds or money markets/ CD or buy gold or buy more investment properties.