THE IMPORTANCE OF A BUSINESS PLAN

I wrote my first business plan as a junior in college. The class was titled "New Venture Planning" and our only assignment was to write a business plan for whatever business we wanted to start. I Chose to create a multi-functional sports training gym in my hometown. I went through the process of preparing a … Continue reading THE IMPORTANCE OF A BUSINESS PLAN

3 TYPES OF BUSINESS MODELS

It is important to know what types of business models are out there so that you can make the best decisions for your future business. You have to know what type of business you want to create. Do you want to sell products or services? What types of products or services do you want to … Continue reading 3 TYPES OF BUSINESS MODELS

FINANCIAL LITERACY LESSONS: “GOOD” DEBT VS “BAD” DEBT

WHAT IS DEBT? The money you owe another person or a business. "GOOD" DEBT Money owed for things that can help build wealth or increase income over time. Example: student loans, mortgages, business loans "BAD" DEBT Money borrowed to purchase a depreciating asset Example: cars, high interest credit cards Book Recommendation: The Psychology of Money: … Continue reading FINANCIAL LITERACY LESSONS: “GOOD” DEBT VS “BAD” DEBT