A budget is an itemized summary of expected income and expenses for a period of time. The most important word in my definition is “itemized.” A budget is not just a total.

Why Do You Need A Budget?

If you’re starting or growing a direct selling company, the odds are high that your funds are limited. You can’t afford to spend your money on the wrong things or to spend too much of it on the right things. That’s why you need a budget.

Watch our video below to learn more!

Timing

The ideal time to create a budget is before you start spending any money for your business, but ideal isn’t always reality. Definitely have your line-item budget prepared before you spend money on items like inventory, software, legal fees, consulting, etc.

Your budget should be part of your direct selling business plan.

About Business Plans

If you are thinking about or are in the midst of building a new party plan or MLM company, you may be wondering if you need a business plan.

A business plan is like a road map to a specific destination. You’re more likely to get to your destination if you have a map (or GPS!) that tells you how to get there. The tasks to be performed are like stops along the way.

When you include a financial plan, a business plan can help you to identify the types of expected expenses and how much it will cost to build and operate your company.

Business plans help you and others to see your vision more clearly.

They paint a picture of what your company may look like in years to come.

Plainly, a business plan is also a vehicle to help you to obtain investment capital, whether it’s from friends, family, or outside investors.

Business plans can help you to think about how your business will grow. When you have a project plan in your business plan, you’ll see the next steps.

For many companies, the genesis of standards to operate the business originates in the business plan.

“Focus.” I like this word to describe what a business plan can do for the entrepreneur. Business plans help people to hone in on the details. At the same time, like a road map, they paint a picture of the entire trip.

When writing a business plan, important questions are answered and decisions are made. However, because business plans aren’t written in stone, they can be changed as needed.

Whether you have it all figured out or you don’t, writing a business plan is a good idea. I say YES to business plans.

Direct Selling Edge Conference

If you’re looking to build your network marketing or party plan direct selling company faster, you need to be at the next Direct Selling Edge Conference. It’s coming up soon.

You may be asking yourself, “Why should I go to this conference?” I’ll tell you why…

Have you considered the power of just one new great idea? One idea that you don’t know just yet can make all the difference to your company.

At the Direct Selling Edge Conference, you’ll hear two full days’ worth of them.

Do you know 100% of what you need to know to have a successful growing company, or do you need to know more? What are you doing to learn what you don’t know yet?

About The Direct Selling Edge Conference

Held since 2011, the Direct Selling Edge Conference is a direct selling school for companies like yours.

Our faculty members drill down very deeply into the most important topics everyone needs to know more about. Topics covered in depth include compensation plan design (two sessions), legal issues (two sessions), social media, recruiting, founder programs, project management, how direct sellers think, compliance, and software.

You will also have an opportunity to ask questions of our speaker panel where we answer as many questions as possible.

At the end of both days, there are two hours of private appointment times reserved when you can meet with conference faculty members. This is free consulting for your company, with an added bonus of conference registration.

If you haven’t yet attended one, you should attend the next Direct Selling Edge Conference!

Just A Few Attendee Comments

“The price of this event is a bargain. I have paid thousands of dollars more to attend conferences that were less informative, less instructive, and less friendly.”
“I went to another company’s conference last spring. I learned more in the first two hours of this conference than I learned in two days with the other one. The content shared was detailed and specific.”
“We have been in business for a few years. This conference is a must not just for startups. The quality and knowledge of this conference’s speakers are simply amazing. It blew my expectations!”
“The information presented at DS Edge was worth 10 times what I paid to attend.”
“I came to this conference two years later than I should have. Had I come two years earlier, I would have saved over $100,000 AND two years.”