Separate the money
Keep business transactions distinct from personal spending and maintain clear records.
Price from costs and capacity
Know direct costs, overhead, available working hours and the profit required for the business to remain worthwhile.
Watch cash, not only profit
A profitable sale can still create pressure when customers pay later than suppliers and bills are due.
- Track startup costs.
- Reserve for taxes.
- Review margin and cash runway.
- Keep a contingency.
Next step
Turn the lesson into action
Use the connected calculator, then save or download the matching worksheet so the decision is not lost.