Earning Recap
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Earning Recap
The following process is what you have learnt from this lesson.
1 – From a young age we should develop healthy money habits to help carry us into adulthood.
2 – Your starting point is to first do research, on how you can make your business different.
3 –What problem am I solving/what need am I satisfying, and would my potential customer(s) pay for this. If yes, how much.
4 – Do your research on how much it will cost you to make the solution, and what price can you sell it for.
5 – Remember feedback is good. It helps you get valuable information.
6 – Keep a book where you record all your transactions: money coming into the business, and money going out.
7 – Always start on a small scale. Don’t commit to many resources to it until it has demand.
8 – Create proper branding i.e. logo, good packaging if it is a product etc. Always add your flavour.
9 – Find ways to manage your time and find someone who you can share the responsibilities with. You will need all the support that you can get.
We hope you really learnt something from our story with Clarissa. Now onto the next story with Joy …
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