This is very important to business because without orginization something is going to wrong. First you need to buy calender, that you can write you can write in. (I prefer small ones but you can get any size you want.) Select three different colored pens. (The colors dont matter.) Then use one to write deadlines. then use one to write in churchs events and personal stuff (anything from going to the movies to important church stuff) thin write in business things. Then keep this calender with you

I believe that having a business is like making a snowman I came up with this simile while making my first snowman and the reason I think this is that when you start making snowman you start with a small clump of snow and build up. Just like a business you start with an idea and slowly build up .
So don’t be discouraged if your not making any money yet. Another thing is that when your collecting snow you start realizing more effeicent ways to pile up the snow, this also relates to business because you will start finding ways to make your business more efficient. Second you start then you start making the middle this means to me that you may start offering more that you doing for your customer like if you have a bracelet business that makes bracelets you may start making necklaces and this is also when you start getting noticed. Then is your final part the top this is where you know what to do and the best way to do it. You will be succeeding, but you wont know this until you set goals. So set goals that allow you to know what stage your in.

Here are some more basic terms for the stock market
Macro Environment this is how the stock market is doing as a whole.

Share holder are people who own stock. For example if you own McDonald stock then you would be a McDonald share holder

Bear/bull this tells us if the stock market is rising or falling. If it’s a bear market then stock prices are falling between 10-15 points but some consider it a bear market if it has the least bit fall then there is the Bull market this is when there is a rising in stock prices some say it has to be in least between 15-20 or higher but again some consider it to be Bull if there is the least bit change. The way you can remember this is that a bull butts up when it attacks while a bear hits down.

Dividend is how much of a percentage a corperation pays to it’s share holders of it’s income these are usually pretty small because they have to give a percentage to all share holders.

Understanding basic terms help you understand what people are saying about business when they talk about any of their Finance Sheets. You will need a lot more than this, but this will get you started talking about money.

Expense, basically, it is how much your business pays out, like bills. If I have lawn mowing business my simple expenses would be gas for the mower, transportation and parts, not to mention actually paying for a mower.

Income is basically how much you make before expenses. If I mow 15 yards for $20 each, my income would be $300.

Profit is how much you make after taking expenses from your income. If I made $300, and my gas cost me $100, my profit would be $200.

“Being in the black” means making more money than you are spending.

“Being in the Red” means your expenses are larger than your profits. You will sometimes see it listed in red on a finance sheet, that is why they call it being in the red.

Credit means coming into an account. It means a positive increase. You have to be careful, because you have to know what kind of account or column it is. If it is an Income account, then it increases that column with a credit. If it is an Expense account, it decreases the value of that column with a credit.

Debit means going out of an account. It is the opposite of credit. If you debit (take from) an Income account, you decrease that columns value. If you debit (subtract) from and Expense column you increase its value since it is a negative based column.

I hope these help a little. I am sure I need to write a whole bunch more about reading financial sheets, but this will be a good start.

some pros of having a business are

 Your income might increase
 you can’t be fired
 you may choose your work hours (but the more the hours you work the more you get paid)
 It would look good on a résumé to college or another job
 hopefully you would be doing something that you love
 you would also learn things that could benefit you on daily basis depending on you line of work
 the pride and self respect of knowing that you (and your partner if you have one) could run a business

But with all great things there are cons for example some cons of having a business are
 your taking a financial risk because your investing your money in a business that unfortunately can go into debt
 unless you have something that is totally original that people want or need or your business does something that has a great competitive advantage, it is going to be hard to get your name out there remember if you can buy it in a kit at Wall-Mart then there is probably going to be Market saturation  your investing time so if you don’t have that much then you reconsider

Overdraft is when you spend more than you have in the bank there is also.

overdraft privilege this where you have the privilege to spend more than you have as long as you pay it back and the fees that go along with it Return

check fees is the fees the stores charges you when you write a overdraft check

 Convenience charge is the fee that other banks charge you for using one of there ATMs this is usually small and vary by bank

Deposit is when you put money into the bank the antonym is withdraw wich is when your taking money out

Deposit ticket is the slip that you fill out to enable yourself to deposit money

FDIC is the government insurance plan for your money so that If the bank fails then you don’t lose all of you money the basic limit is 250,000$ but is possible to raise It higher Check is a promise that the bank you go to is going to pay the sum on the check

Multiple streams of income are different ways to make money. Some examples would be

• time =money
• leveraged income
• residual income
• time value of a dollar

The first is time=money this is simple your trading your time or services for money. You may know it as a “job.” an example of this is if I mowed yards. The second one is called leveraged income this is when you hire someone to do the work for you. An example of this is let’s say that I have a catering business and instead of catering myself I hire people to do it for me for 50$ a party catered. If I charge my customers 100$ and I have three employees who each do a party my income is 300$ but the thing you have to remember is that you have to pay your employees so my profit is 150$ for scheduling and telling my employees were to go.

Residual income also called passive is money that you receive that once caused effort. Some examples are

• a house renter
• royalties
• invention

The good thing about this one is that you could break your leg, go on vacation or spend all your time another business you                                                                                 still make money.

Time value of a dollar is the belief that a dollar invested is worth more than a dollar hidden away from the world. This is very cool because by investing or just putting it in a high interest you make money make more money by not doing anything