In the last lesson we spoke about recording all your out-goings and your income. This was then written into a ledger and organised into a record using the single-entry accounting technique. In Lesson 15 we are going to look at the Income Statement, or also known as the Profit and Loss Statement. Normally the Income statement is an overview of … [Read more...] about Lesson 15: The Income Statement
How to Start a Market Stall
Lesson 14: Single or Double Entry Accounting
In the last lesson, we discussed accounting and why there is a benefit to not only keeping accurate records but how it can also drive your business forward. It doesn't mean you have to be a trained financial accountant, but knowing where your money is going and how you are getting it in is a big step to realising the potential your business … [Read more...] about Lesson 14: Single or Double Entry Accounting
Lesson 13: Talking Accounts
If you know your 1+1 then you are sorted for your book keeping. More importantly though is the reason and necessity for keeping records. In Module 4 we will be looking at our Finances, why it matters, how to do it and examples and downloads for you to use. If you have missed any of the other parts of the course, have a look at How to Start a … [Read more...] about Lesson 13: Talking Accounts
Lesson 12: Devil in the Details
The one thing that trips everyone up is the paperwork and the small admin jobs that are required for every business. Whether you are a small producer or a large conglomerate, there is always admin. Now the easiest advice I can give is, hire someone else to do it for you, but that will prevent you from learning some very important business … [Read more...] about Lesson 12: Devil in the Details
Lesson 11: Packing and Setting Up
Ever thought why those 'seasoned' traders make it look so easy when they arrive at market and by the time you turn around they are already trading and you haven't even opened your table yet? Practise! Years and years of practise, and just like you, they also started out being a little clumsy and awkward to get started. As part of the third … [Read more...] about Lesson 11: Packing and Setting Up
Lesson 10: Knowing your Seasons
Everything has a season. The weather has different seasons and customers have seasons. Things you buy have seasons. Everything has a shiny new start, there are the happy times, the tricky times and hard times, and Markets stall selling has the same experiences too. As part of the third module for How to Start a Market Stall, we will look at … [Read more...] about Lesson 10: Knowing your Seasons
Lesson 9: Where’s the Business Plan?
To succeed at anything you must first have a plan, a goal a point at which to aim at. If you want to succeed in business, we want to see your Business Plan! Welcome to Module 3 of the series, How to Start a Market Stall. If you haven't been following or have just arrived at this lesson, great. Really pleased to have you along. Module three is … [Read more...] about Lesson 9: Where’s the Business Plan?
Lesson 8: Health and Safety
Health and safety can seem so dry and boring you may be thinking this has nothing to do with me or my market stall. You may not be doing much apart from selling some simple homemade art work to people who love art. Where's the need for health and safety? In this lesson we are going to be looking at why Health and Safety is important and … [Read more...] about Lesson 8: Health and Safety
