- Original Poster
- #1
Hi, i'm a 19 year old student setting up my own business for the first time on ebay.
At the minute, i'm making a business plan for myself. But the part that has bogged me down is the finance part. I'm finding it hard to organise a system which i can easily keep a record of and plan my strategies with.
I'm doing a cash flow forecast, however the problem is i'm having a hard time keeping track of all the outgoings i will have. Is there a way you suggest in which i can effectively record all my outgoings in one place?
The main thing which is troubling me really is keeping tabs of the exact ebay fee's, paypal fee;s and records for taxes every april i will need to organise.
Other than those, my only real outgoings will be the purchases i intend to resell, delivery charges, delivery material (envelopes etc)
Obviously, i also have to factor in my startup costs:
-A one off payment to a site template designer i want to use.
-Business registration fee's
-Possibly licensing fee's to brands i want to stock
-Starting inventory
But other than that, is there anything else i'm missing or should be thinking of?
At the minute, i'm making a business plan for myself. But the part that has bogged me down is the finance part. I'm finding it hard to organise a system which i can easily keep a record of and plan my strategies with.
I'm doing a cash flow forecast, however the problem is i'm having a hard time keeping track of all the outgoings i will have. Is there a way you suggest in which i can effectively record all my outgoings in one place?
The main thing which is troubling me really is keeping tabs of the exact ebay fee's, paypal fee;s and records for taxes every april i will need to organise.
Other than those, my only real outgoings will be the purchases i intend to resell, delivery charges, delivery material (envelopes etc)
Obviously, i also have to factor in my startup costs:
-A one off payment to a site template designer i want to use.
-Business registration fee's
-Possibly licensing fee's to brands i want to stock
-Starting inventory
But other than that, is there anything else i'm missing or should be thinking of?
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