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Blog, Video · May 13, 2014

Video: Creating a Business Plan for a Micro Business – Financial Plan

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Join Rachel Coker, teenage author and micro business owner, and I as we discuss how to take an idea for a micro business and write out the final part of a business plan, the financial plan.

In the video, we explain that in a financial plan, you want to list any start-up expenses you may have including: equipment, storage, start-up inventory, advertising, and maybe even a license such as a trade name registration.

Next, you’ll want to  list out the costs, your profit, and your pricing.

Finally, you’ll want to estimate your sales and calculate a break even point.

For more information about how to start your own micro business and how you can write out your very own business plan, check out Carol Topp’s series of books, Micro Business For Teens, available at: MicroBusinessForTeens.com,and Amazon.com

Carol Topp, CPA

Related posts:

  1. Video: Creating a Business Plan for a Micro Business – The Marketing Plan
  2. Video: Creating a Business Plan for Your Micro Business – Your Business Concept
  3. Creating a Business Plan
  4. Dollars and Sense Show #3: What a business plan can do for your micro business
  5. 10 Micro Tips for Micro Businesses: Make a Plan

Filed Under: Blog, Video Tagged With: Carol Topp, Marketing Plan, business plan, how to start a business, make money, micro business, micro business for teens, plan, start a business, teenager

Carol Topp, CPA

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From a parent

Thank you for your e-book on teen micro businesses. Your valuable experience and wealth of knowledge is vast.

Your presentations at Cincinnati homeschool conferences and sharing with us over the years have benefited us well.

I can hardly believe we are at this point in our life-and here he is a young man ready to try his fortune with the world.

-Mandy S

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