CFA Lesson 30

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Your Preliminary Annual Budget

Lesson 30 walks you through an incredibly simple way to set up your first business budget. Even if numbers drive you crazy, this basic first step will give you a clear look at how to begin tracking and managing the money coming in (and out) of your business.

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Your Assignment

Remember that EVERYTHING is an opportunity for awareness!

  1. Find your average monthly income and expenses for the next 12 months.
  2. Record and track those numbers on at LEAST a quarterly basis, checking the trends to see where your profit and ROR are at.
  3. Celebrate your wins. If you're in A-Club, be sure to celebrate in the group!

Extra Resources

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Lessons: 29 | 30 |31|32