Bahnoosh Bakhtiari Starts Her Own Jewelry Shop Business

Build a basic financial model. Estimate all your costs and compare them to your expected sales to determine if your business is realistic. Make sure to include overhead costs like equipment, utilities, marketing, and labor, as well as the cost of supplies. If you overall costs are greater than your expected sales, think about how you can change your business plan to create a more sustainable venture. Consider ways to reduce your expenses as well as methods for increasing your income.