Looking to see how the people handle there business budget? I am not looking to see how much money you put into it. Looking to see if you feel if it is important aspect to this business and do you put a plan together as to what you are planning to spend each month? Also, your time spent on your business or Return on the time invested? How do you plan for it?

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PinkieS Premium
Cash investment as needed. I have fund set aside specifically if i need to invest in my business well within limits. Time wise I also work on a minimal 2 hours basis. If I on a training or working on my website. I allot minimal 2 hours so that I can get something accomplished. I try to do this daily but if I need a day off. That is fine too to step away and come back fresh.

Pinkie
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jeffklayo Premium
I agree time management is crucial. I feel without I get no where quick. Been planning my day before it gets away from me. Thanks for the information.
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MTavernier Premium
Yes I have a business mentor. We work together on my cash flow and projections for each year.
I'm also big on ROI and invest my time by my hourly rate and work on projects accordingly. Affiliate marketing can be difficult to predict, but I generally work on a 2hr per project basis. So I complete a blog post in 2hours, or I move on to another task to capitalise on my day.
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jeffklayo Premium
Yes, our time is valuable. I thought about it today when I was reading about budgets, realized I should have a business budget but also plan my time wisely.
I believe now, it will help me stay on track and get really focused.
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MTavernier Premium
Absolutely! The minute you create a clear cash flow you'll be much more aware of what you really have to invest, what you need to earn to break even and then profit and your potential annual income. Its an eye opener.
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timstime20 Premium
Yes each month have a budget.... advertising budget.. upgrades if necessary.... domain purchases if planned ... pens .. paper... journals... new books.... fees...monthly charges if any ... misc...
Tim
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jeffklayo Premium
Good to know, trying some phone apps to help keep me on track and business expense came up. Just wonder if others plan.
Thanks for the info
Jeff
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keishalina9 Premium
hey hi Jeff -- it's all good and good thinking on your part!

... and good questions and all questions are good ones here!

Yes, any successful venture would have a business plan and set priorities over a course or length of time plus capacities identified with resources allocated in achieving goals & objectives.

Best wishes to you for every success, cheerio-o ... :)
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jeffklayo Premium
Thank you. I agree asking questions and having others who have experience helps and helps alot. Set up a budget to plan so I dont overspend.
Thanks for your help!!
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keishalina9 Premium
*** you're most welcome -- simply glad to be of help -- enjoy the amazing WA journey to Success! ... cheerio-o ... :) ***
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Glen-FYDJ Premium
Hey Jeff,

At the moment I am investing in education rather than traffic over the next 3 months, I am setting aside $250 per month for the next three months on training and $150 on design content. I am using as much free traffic as I can get my hands on for now, I need to get smart at paid traffic before I go there.

As far as time investment goes, I am putting in 2 hours early in the morning and 4 hours during the evening, I write content during my lunch break at my job so I’m grinding as much as I can with the time I have.

Hope this helps

Regards

Glen
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jeffklayo Premium
Yes, it definitely helps. I have been setting time to write content, learning to be more task orientated. I am new so doing more learning as well.
Thanks for the idea on money, planning to put some money towards education right now its on audio books.
All good info
Thanks
Jeff
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