Financial Planning: Module 13

Module Posts:

Me: My sales are completed, as well as my P&L.

I have a question about shrinkage...since I'm mainly e-commerce and only will be doing mobile truck events 3-4 times/month, is my shrinkage percentage different? 

Also, under wages, I only included hourly rates for 3 people for the time we're at trunk shows...I don't plan to pay myself the first year or hire anyone else until a bit later. Not sure how realistic this is, though. 

I don't have rent or utilities because I'll be working out of my house and using space there as storage. 

Also, in the sales table, what goes in the Purchases costs field? 

Thanks!

Instructors: Christine - who are you paying 864 per month for - that is not even poverty level.  Also I added rent in there and well as some other expenses.  Your profit should be less than 10%

You also have to pay yourself and  you should pay yourself rent.  You should not be making greater than 10% profit.