6 Things about Money You May Not Think About BUT should!

Here is a great article from Entrepreneur Magazine on  6 Things about Money You May Not Think About BUT should!

Click here to read the full article http://www.entrepreneur.com/article/225377

Key Points in the Article

1. Protecting your personal credit rating.

2. Diversifying your portfolio.

3. Choosing the right business entity.

4. Discussing finances regularly with your spouse or partner.

5. Keeping personal credit cards out of your business.

6. Aligning your salary with your business cash flow.

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Direct Sellers- Do you know how much you’re earning on your hard work?

Direct Sales Businesses all operate on the same general principle of commissions & bonuses but do you track and understand your commissions and bonus’s or just wait till the end of the month to find out what will be deposited to your account or the check you will receive?  Direct Sales Company’s just like other companies make mistakes but if YOU aren’t keeping track of what you should be making how would you ever know if you were paid incorrectly or if they missed including you on a bonus? This is information you need to know PRIOR to your monthly, weekly, quarterly, or yearly checks!

Knowing what you’re going to make prior to your getting your check is important for many different reasons here are just a few:

  • Budgeting & Planning
  • Are you going to meet your monthly goal?
  • Are you going to miss out on a bonus because of just a few dollars?
  • Setting Goals for upcoming months to grow your business to the next level?
  • Are you working towards an incentive trip?  If so what do you need to sell each month in order to earn to that trip?
  • Can you afford to purchase that next round of sample products or promotional material?
  • Do you make more money on sales or sponsoring new members to your team?
  • Does your inventory need restocked and if so what do you need?

You Should KNOW the answer to all of these questions if you don’t then it’s time to get your bookkeeping in order for your home based business, we offer affordable rates to home based / direct sales business owners contact us today for your FREE consultation and get on the road to a better understanding of where your business is headed!

I have worked in direct sales myself so I have the experience to help you keep your business on track!

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