Managing Your money

Well, once you have everything settled about what you guys want to do for a business, do something to raise money for the supplies. A lemonade stand or something like that would be good, or just get donations.

After you have bought all your supplies, you start making your products, or start getting the word out about your services. My advice? If you have to make products for the business, make them before you tell everyone about your business. Why? (1). If you find out that you don't really want to do that for a business, then you won't have so many orders to make you miserable. (2). If your product takes a while to make, or you know that people will buy lots, you won't be rushed all the time.

Back to money managing. When you are just starting out, you will want to to either have a meeting with your colleagues, or make at least one item that you will sell. Then, you can find out what you will need for supplies. Try not to buy things you don't need, and always, ALWAYS, look for bargains on things you do need. (Be honest!)