Remember that United Nations World Youth Skills day event I spoke at? Here are a few points from the talk i delivered; I adopted a few of them from Bedazzle’s first day, some I learnt by reading books (I’m a knowledge junkie)/attending business classes/seminars and others I learnt the HARD WAY!
1. Keep proper records; separate the business’ money from your money, you are 2 different entities. Buy a current diary and enter in every single daily credit (sales; revenue) and debit (expenses)
2. Never spend money directly from your daily sales; all funds must pass through the bank first