By Sheila E at September 30 2019 14:26:06
Set Goals and Objectives _ A business plan is like a road map to success. Your goals are the destinations that you are aiming to get to. They should be fairly realistic and achievable but should also push you to work hard to reach them. You may set financial goals that set out what kind of gross or net monthly income you intend to be earning after your first year. Other goals could also refer to other metrics such as average food cost percentages on catering jobs for example.
So, let's see how we would make a business plan that would show exactly how your business could give you the salary you want. First you would determine what you would like your salary to be. You've dreamed about having a nice income to support your dreams I'm sure. Let's say right now you only make what your profit is giving you which might not be much. So let's say the first year, next year, you would love to have a consistent monthly salary of Ŭꯠ a month, every month. And every year you would like to be able to increase it so that after 10 years it would be at บꯠ per month. And let's say you would like to grow your business 10% each year.