Category Archives: Budget

Healthy Habits of Business Ownership Business Basics and Money Matters

healthy habits of business ownership money mattersAs we continue with our Business Basics section of Healthy Habits of Business Ownership, we focus on Money Matters.

As you go through the following questions, take your time to consider the many ways you can answer them and what the different results would be.

Make sure the results are in line with the outcome you desire.

1. How much money do you have on hand to invest in your business over the next 3 years?


2. How much time do you have available to devote to start building or growing your business each week?


3. Have you filed the necessary paperwork? Not every business has the same requirements.

  • City: business license, taxes
  • County: business license, taxes
  • State: sales tax, business name, type of business,
  • Federal Government: IRS, EIN (employee identification number)


4. How much does each individual product or service cost to create?

Product Name & Short Description                                               Cost

We will discover how many products or services you will need to sell in order to achieve your dream income in our next post.

Put your notes into a folder or binder so that you can look back over these every few months and make any necessary changes.

~ Anna Campbell





First Steps Toward Starting a Successful Business

cindy krutilla interior designerHave a great product or service to offer and ready to make it official? Starting a business isn’t so difficult, however, starting a business that is successful and sustainable takes some planning. Here are some preliminary steps to take before opening your business.

Write a business plan: Writing a business plan will help you clarify your product or service, your mission, and provide an outline for 3-5 years. What’s your strategy? How fast will you grow? What money do you need to start? What’s your budget? Do you need a permit or license? How will you market yourself?

Make a timeline of deadlines and objectives. Before venturing out on my own, I interned for a model home company for a year, and then subsequently had a partnership with another person for several years staging homes. When I decided to go out on my own, I had some experience under my belt and knew what I wanted to change.

ck interiors design with cindy krutillaI modified the existing business plan I had in place for the partnership to reflect what I wanted to accomplish with my own business. I changed the name on my business license with the city, and filed for a fictitious name statement with the county. A new business checking account was created, along with a new website, and marketing materials (business cards, etc).

Determine your readiness? If writing the business plan doesn’t help you determine you readiness, the Small Business Administration offers a handy assessment survey for potential small business owners to help determine the readiness of you and your venture.

Choose a location: Online, home-based or in need of an office? Get clear on what location will best serve you and your customers. As I have school age children, I knew from the start a home based business was what I wanted. I needed the flexibility a home-based business offered, and to be able to set me own hours.

Looking into financing: Depending on the size of your venture, and what inventory you may need, you may want to look into start-up loans/micro-loans or angel investors.

Choose and register a business name: Choose a name that reflects your product, service and intended image/brand accurately. Check for trademarks and secure a URL. If it’s different than your actual name, register your ‘doing business as’ name with your state government. My company name was formed with the initials from my name. I then hired a professional to design the logo with those initials and the colors I loved.

— Cindy Krutilla, Interior Designer, CK Interiors, (925)915-0216
Creating beautiful interiors, one room at a time

Are You Planning on Staying in Business?

My Monthly Business Journal When you think about that question, “Are you planning on staying in business”, do you realize what the impact of the word “planning” has on your business future?

Without a solid plan, your business will not have a solid future. Some people get “lucky”, but most people don’t. Most people either get frustrated, lost, overwhelmed or bankrupt.

It is important to have a clear understanding of 3 things.

1. What is your business producing or serving?

2. Who is your business serving?

3. How is your business producing or serving?

When you can answer these three questions easily and confidently, then you are well on your way to a successfully planned business.

What are your answers to those three questions?

How are You Investing Your Time and Money

Are you planning on staying in business?As a business owner, our time and money is very precious.

The better we handle our time and money, the more successful our business will be.

When it comes time to invest in your business, be very careful about how you invest, why you invest and where you invest.

Read the rest of this entry

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