Rachael's Handmade Designs

Hi All, Today's business post comes from a financial strategy guide. Time and money Give yourself a week to do a task, it will take a week—but give yourself two days, and it will take two days. This phenomenon is known as Parkinson’s Law, which states: “Work expands so as to fill the time available for its completion.” The same is true of spending and money. When budgets expand The minute you get a raise or even some birthday money, enter Parkinson’s Law: Your spending expands to consume the additional cash. 1.Shrink your numbers: If you give yourself $100 to spend on supplies each month, you will. Lower that limit and you'll surprise yourself by spending less. 2.Be skeptical about “needs”: If you get a $200 raise, don't justify spending it because you "neeeeed" a bigger car, new dishwasher, etc. 3.Keep percentages steady. I strive toward the 50/30/20 Budget (you may prefer the Save-to-Spend Budget plan). Because these budgets rely on percenta...

Hi All, To every successful business structure there is a pattern: an inside gal and and outside gal. That is, there is someone who handles the books and money aspect of things, and someone who creates as well as goes and actively seeks customers, business opportunities, and generally schmoozes with possible future customers, thereby creating the driving outside force of sales.  Often times, as a small business owner, we find ourselves having to juggle these two hats, and most of the time having to stack them on top of each other. Inside Gal First things first, organization is KEY ! Set up a seperate folder system or drive on you computer specifically for your business. Procure Microsoft Office Excel; and a tabbed and labeled binder. The Binder In this binder you should keep the following: 1.  Any formation documents for your company - if you are large enough to have formed your business with the state, you will have these. Even if you are just a D/B/A, you sh...