Starting a Small Business

[msgilmoredanes.livejournal.com]

Hey gang!

Okay, first things first. I need you all to make sure you sign the attendance sheet and then I need each pair to let me know the name of their business.

:after that's all taken care of:

Did everyone read the handouts on budgets from last week? [ooc: no, I didn't have the link up last week - sorry!]


Now, the most important thing to know about budgets is that budgeting prepares for the future and foresees problems before they occur. However, you need to keep in mind that you won't always be able to forsee a problem.

For example, last week at my inn? Sookie, our chef, accidentally caught the stove on fire. The wall behind the stove was damaged. There was no way to predict that would happen. But, we were prepared because we had insurance coverage.

There are a lot of things you need to include in a budget, some that you may not think of right away. Your homework for next week is to work with your partner on a basic budget for your business.


[ooc: I'm going to make "pretty comment threads" like some of the other profs have been doing]

Comments

Re: Sign the Attendance Sheet Here

[not-an-ex-demon.livejournal.com]

ooc but ic: Yeah, I met Liz and she seems very nice. We are on student council together but Han is *way* physically appealing

Re: Sign the Attendance Sheet Here

[kawalsky.livejournal.com]

ooc but ic: Liz is great. I'm smitten. But Han.. but I'm clueless. This should be fun. Or chaotic. There's a difference?

Re: Sign the Attendance Sheet Here

[not-an-ex-demon.livejournal.com]

ooc but ic: Chaotic is fun, but according to the dictionary they really are different. I have no idea what that is though, since my idea of fun is chaos.