Creating a Business Plan for a Micro Business Financial Plan

submitted by CarolTopp on 01/07/15 1

microbusinessforteens.com Join Presenters Carol Topp, author of the Micro Business for Teens series, and Rachel Coker, teenage author and micro business owner, as they discuss how to take an idea for a micro business and write out the final part of a business plan, the financial plan. In the video, they explain that in a financial plan, you want to write out any start up expenses you may have including: equipment, storage, start up inventory, advertising, and maybe even a license such as a trade name registration. Next, you'll want to write out the item costs, your profit, and your pricing. Finally, you'll want to write out your estimated sales and write out a break even analysis. For more information about how to start your own micro business and how you can write out your very own business plan, check out Carol Topp's series of books, Micro Business For Teens, available at: MicroBusinessForTeens.com. If this video has helped you, share it with a friend using this link: youtu.be/Qm9BXctP-hs. Be sure to follow Carol Topp on Twitter: twitter.com/CarolTopp "Like Us" on Facebook: www.facebook.com/MicroBusinessForTeens Read more about how to start a micro business for success at: microbusinessforteens.com Find more micro business ideas on our Micro Business Pinterest Board: www.pinterest.com/caroltopp/micro-business-ideas/

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