This is part 2 in a two part series of my business goals for the year. (You can read part 1 here.)
In addition to eBay, my plan is to create other streams of income from home.
Begin to freelance write articles.
I first need to find avenues for publications; then I can begin writing.
Continue to grow my blog
I love writing on this blog. In the 10 months since I have started it, I have 39 followers and have written almost 300 posts. I would like to double my followers and write more in detail posts.
Showing posts with label business goals. Show all posts
Showing posts with label business goals. Show all posts
Wednesday, January 13, 2010
Tuesday, January 12, 2010
Business Goals, 2010, Part I
Now that my husband and I have made the decision that I should quit work after baby #3 is born even though he does not yet have his Ph.D., I must ramp up my side line income possibilities. Here are my goals for 2009.
eBayPay Down Business Credit Card Debt
I have been running an eBay store since 2006. Unfortunately, when I started, I didn’t take it slowly; I wanted to build up my inventory overnight. I did, but I also built up quite a bit of credit card debt. That debt is keeping me from drawing an income from the business. My first financial goal is to pay off 50% of the debt sometime between April and June of this year. Then, I would like to have the debt entirely paid off by December, 2011.
List Inventory
I have a lot of inventory sitting around my study that has not been listed on eBay yet. I would like to have it all listed by the time the baby comes in April; I am not sure yet if that is possible. I will have to see how busy I am at my day job in the next few months. Certainly I want it all listed by December.
Curb Spending
I have trouble resisting a good sale. I must seriously curb spending this year both to pay off debt and get my inventory all listed. I am going to set a goal of no more than $4000 purchased for reinvestment in the business this year.
Keep Up with the Accounting & Learn to Do More of It Myself
I am lucky that my cousin is an accountant and is willing to do my books pro-bono. The problem is that she lives 3 hours away. We always seem to scramble to get everything done by tax time. This year, I would like to do more of the accounting myself and try to keep up with it on a month by month basis.
Set & Maintain a Schedule
When I returned back to work in August, things were crazy and I let many of my business responsibilities slide (such as keeping up with the books). In the end, this makes more work, so I plan to implement a schedule to keep things on track.
By the summer, draw an income from the business
Tomorrow I will list the rest of my business goals (not related to eBay).
eBayPay Down Business Credit Card Debt
I have been running an eBay store since 2006. Unfortunately, when I started, I didn’t take it slowly; I wanted to build up my inventory overnight. I did, but I also built up quite a bit of credit card debt. That debt is keeping me from drawing an income from the business. My first financial goal is to pay off 50% of the debt sometime between April and June of this year. Then, I would like to have the debt entirely paid off by December, 2011.
List Inventory
I have a lot of inventory sitting around my study that has not been listed on eBay yet. I would like to have it all listed by the time the baby comes in April; I am not sure yet if that is possible. I will have to see how busy I am at my day job in the next few months. Certainly I want it all listed by December.
Curb Spending
I have trouble resisting a good sale. I must seriously curb spending this year both to pay off debt and get my inventory all listed. I am going to set a goal of no more than $4000 purchased for reinvestment in the business this year.
Keep Up with the Accounting & Learn to Do More of It Myself
I am lucky that my cousin is an accountant and is willing to do my books pro-bono. The problem is that she lives 3 hours away. We always seem to scramble to get everything done by tax time. This year, I would like to do more of the accounting myself and try to keep up with it on a month by month basis.
Set & Maintain a Schedule
When I returned back to work in August, things were crazy and I let many of my business responsibilities slide (such as keeping up with the books). In the end, this makes more work, so I plan to implement a schedule to keep things on track.
By the summer, draw an income from the business
Tomorrow I will list the rest of my business goals (not related to eBay).
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