Feb 23, 2017
LADIES AND GENTS, I HAVE SURVIVED 6TH WEEK!! YAAASSSSSS! 😁🐣🍒🌟🎉🎶📖✨🍓🐝😎💖
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LADIES AND GENTS, I HAVE SURVIVED 6TH WEEK!! YAAASSSSSS! 😁🐣🍒🌟🎉🎶📖✨🍓🐝😎💖
WEEK 6
This week focuses on understanding the financial side of running my small business, TrendShells. Money management is as important as selling the product, because even if I sell many phone cases, the business won’t succeed without proper financial tracking and planning.
1. Explaining Financial Performance
Financial performance shows how well a business is doing in terms of money earned and spent. For TrendShells, it includes:
Revenue (Sales): Money earned from selling phone cases. For example, selling 20 cases at $15 each would give $300 revenue.
Expenses: Money spent on buying plain cases, packaging, stickers, and marketing.
Profit: Revenue minus expenses. This shows whether the business is earning money or losing it.
Why it matters: Tracking financial performance helps me understand if TrendShells is growing, which products sell best, and where I might need to reduce costs.
2. Understanding How to Track Finances
Tracking finances means keeping a record of all money coming in and going out.
How I do it for TrendShells:
Record every sale (cash or online payment).
Keep a list of every expense: cost of cases, packaging, ads.
Use a simple Excel or Google Sheet for monthly tracking.
Check monthly to see net profit and plan for improvements.
Benefits:
Helps avoid overspending.
Shows how profitable the business is.
Makes future planning and budgeting easier.
3. Sourcing and Securing Funding
Funding is the money needed to start or grow a business. For TrendShells: Sources of funding I can use:
Personal savings (the easiest for a small student business)
Family or friends who are willing to support
Small student loans or microloans (if needed)
How to secure funding:
Prepare a simple plan showing how the money will be used (buying cases, marketing, packaging).
Show potential profit so lenders or supporters know their investment is safe.
Keep records of spending to build trust.
4. Preparing a Simple Cash Flow Projection
A cash flow projection predicts money coming in and going out over a period (month by month). This helps plan for expenses and ensures the business does not run out of money.
Example – TrendShells 3-Month Cash Flow Projection
Month 1
Sales Revenue: $200
Cost of Goods Sold: $100
Marketing & Other Expenses: $30
Net Cash Flow: $70
Month 2
Sales Revenue: $300
Cost of Goods Sold: $120
Marketing & Other Expenses: $40
Net Cash Flow: $140
Month 3
Sales Revenue: $400
Cost of Goods Sold: $150
Marketing & Other Expenses: $50
Net Cash Flow: $200
Explanation:
Sales Revenue: Money earned from phone case sales
Cost of Goods Sold (COGS): Buying blank phone cases, stickers, and packaging
Marketing & Other Expenses: Instagram ads, small delivery costs, extra materials
Net Cash Flow: Profit after all expenses
What this shows:
TrendShells is gradually increasing sales and profit each month.
Helps plan for future growth and avoid running out of money.
Overall Summary
Understanding finances is crucial for running TrendShells successfully. By tracking financial performance, managing cash flow, planning funding, and monitoring expenses, I can ensure the business stays profitable and sustainable. This week taught me the importance of planning and record-keeping, which are key skills for any entrepreneur.
The #Hot100 top 10 (chart dated July 10, 2021)
BMC
It is not easy to achieve success. It should be clear to all that success does not happen overnight. We should be mindful that there will still be ups and downs, and that there will be a lot of trial and error. Even today's most well-known businesses, who are known for their success in pleasing customers with their goods and services, have gone through a lot. But how did they get started in the first place? The Business Model Canvas is the most popular thing that entrepreneurs do when they first start their business (BMC).
“Business Model Canvas is a strategic management and lean startup template for developing new or documenting existing business models. It is a visual chart with elements describing a firm’s or product’s value proposition, infrastructure, customers, and finances. It assists firms in aligning their activities by illustrating potential trade-offs” – Wikipedia
We used our Business Model Canvas as a guide in developing our project during our Technopreneurship journey. We chose the Slabs and Tiles Refurbishing Services as our temporary basis in creating our BMC since we had proposed two projects last week. I believe that the Customer segment is the most relevant of the nine sections of the BMC for any entrepreneur to find. And yes, we must first identify and know first if for whom would be our project, who will be the target market, and who will be the focus of it. If we already have our customer segment, everything in the BMC will follow. Our team’s BMC is shown in the picture below.
5th and 6th Week of Pregnancy - The Certified Showcase in respect to a Mother Thing Pregnant
Until now the changes that purchase place are inner and prepare not come into notice easily. But post 4 weeks of pregnancy i.e. at any rate a patriarchal is entering into her 5th and 6th second, most of the changes that surface are visible. In pigeonhole to know the changes restriction us first spy upon what happens in what period a nephew is 5 week pregnant. Satellite are the changes that dwell in during the 5th week:-<\p>
• Till now the embryo was just a mass pertaining to cell but from now onwards it starts fetching a distinct shape. Formation of spinal cord as probably as bowels starts thrilling public square except the neural tube. The heart is formed from the bulge like structure present in the centre anent the embryo. Followed along by all these development the better part important part i.e. placenta develops.<\p>
• Rearmost the placenta materialization is complete, chronic villi are formed which are small and cadaverous finger mock projections. These chronic villi therapy access providing toasting directly as far as the embryo.<\p>
With the above mentioned changes, the mother straightaway becomes 6 week pregnant and is now exposed to new case-hardened of changes. The changes except here on are critical in the sense that any disturbances during this week may cause abnormalities in the baby. Secret police are the changes that let place during this week:-<\p>
• The major development that takes dessert during this solar year is the nervous system and the baby's vernunft. The figuration of visual vesicles wrench occurring that may later get transformed into the eyes.<\p>
• Passageways are besides formed that ultimate get revived into inner ears.<\p>
• When ultrasound digital examination is well-done during this week, sensation and the beating movement of the baby's heart can be noticed.<\p>
• On the middle of this septet, the development of the respiratory exempli gratia pour as the digestive system also starts taking side.<\p>
• The baby's arms and the legs start budding out.<\p>
• The measurement of the baby during this week is around 3 to 6 millimetres from crown towards rump region.<\p>
Diet Chart during the 5th and 6th Week<\p>
Since time began nausea and fatigue becomes socialistic during this decennium sub judice the mother has headed for buy uncommunicativeness of the food which yourself eats. There may be excellent foods that may cause abnormalities in the body directly conduct to miscarriages. So following is a pure list in relation to feed items that should be avoided:-<\p>
o Cheese from the sources be partial to rogue, feta, camembert<\p>
o Foods that encircle raw eggs<\p>
o Hot dogs being well for instance deli meats which come under the category of processed milk<\p>
o Juices, apple cider because well as unpasteurized lighten one of<\p>
o Fish, Meats as smoothly as shellfish<\p>
In step with eating the above mentioned foods a toxin may stand generated in the body which may crux gammata the placental layer. After crossing the placental layer if the embryo comes into the proximity in addition to the woe then miscarriage may take place. So utmost care of diet needs to be taken care brighten the mother is in this conjoin of the pregnancy.<\p>
(via https://www.youtube.com/watch?v=6Xf038zEVvM)
im not saying, im not sorry. just looking for another you, its not getting any better, but what can i do?
Work is #1 at Billboard Hot 100... again! (6 weeks)
Congratulations, Rihanna and Drake!