Session Date
Lesson Topic
Business Budgeting
Lesson Outline
Business Budgeting: Financial plan of expenses including supplies, labor, insurance, energy, mortgage/rent, and emergency repair funds. Concept of borrowing from banks to grow a business through purchasing additional supplies/labor and investing profits to achieve a desired rate of return.
Assignment
None
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Today's lesson with Colson focused primarily on the major considerations and planning that is necessary to establish an effective business budget. Various expenses, expected earnings, and emergency/repair funds were explained. Colson seemed energized and engaged in this budgeting topic. The concept of "Save for a rainy day" was also introduced.
Session Hours
0.75
Hours Attended
0.75
Entry Status
Review Status
Student Name(s)
Subject
School