A small business you coud start is a woodworking business. Some woodwork projects you could make can be small wooden boxes, cutting boards, and the like. You would need to have tools to run a small business. You would need a router, a jigsaw, a sander, a miter saw or a circular saw, and some clamps. This list contains a few of the necessary items needed for starting a small woodworking business. The costs of buying these items are going to be high if you don’t own them. For this venture to succeed there must be commitment. It will take a few months to repay your parents for buying some or all of the tools you needed. It will be a little while before you see any profit. This is why you need to be committed. This is not a summer business, it is a year-long business. Once you have made some products, you will need to sell them. You can sell your products at craft fairs or at some farmers markets that have a craft section. If you plan to sell your products at these places you will most likely need help from your parents. You will need a sellers permit to sell in these places, so ask your parent for help. Selling your products at these place will also cost you some money. For example you will need to pay for your booth. Keep this in mind when you plan to sell your products. You can also sell your products online. There are sites where you can do this or you can just advertise your products online and ask people to email you if they are interested in your products. Don’t forget to sign your products or brand them so your buyers know it was made by you and that it is not a store-bought product. Having a small business like this can teach you commitment, responsibility, and resourcefulness. These traits will be a great advantage in life. Before you start a small business ask your parents for permission.
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The three things that I changed to manage my time better was to prioritize my activities, use a calendar, and set goals. Prioritizing is very important. All my activities should be on a scale of 1-10. School is #1, watching movies is #10 and so on. Every day I should do the activities with the highest priorities. Prioritizing my activities will almost be impossible without using a calendar. A calendar allows me to keep my activities in order and keeps me from spending too much time on one activity. After setting up the calendar, I started setting goals for my activities. Setting goals for my activities allowed me to make progress. Here is an example of how I prioritized my activities, used a calendar, and set goals. Here is a list of my activities consisting of school, piano, chores, and reading. As I prioritize my activities, school becomes #1, piano #2, chores # 3, and reading #4. After I have prioritized my activities, I put them into a calendar. School is from 8:00-2:00, piano from 2:30-3:30, chores are from 3:45-4:15, and reading is from 4:30-5:00. Next, I set goals for my activities. For school I have to have an essay written by Friday. For piano I have to have a classical song perfected by Saturday. For chores my goal is to clean the entire house in two days. For reading I should have a book finished in three weeks. Prioritizing, using a calendar, and setting goals has helped me to use my time more wisely.
One thing many of us forget is that a lot of small expenses tend to be greater than that of a few large expenses. In this essay, I will give you a good tip on how to control small expenses. The first thing you have to do is set priorities, with out it, cutting down on small expenses will be more difficult. In other words, rank your list of small expenses from most to least in importance. Once this is done allocate a small amount of money for buying the items or services on the list. After you have finished allocating money you have to allot a portion of the allocated money to each of the items and services on the list. Remember you can only use the allocated money, no borrowing, so decide wisely. Here is an example, I will allocate $10/week for small expenses. The list of small expenses include snacks, music, games, and movies. I now will allot money to each item on the list, snacks $2/week, music $2/week games $3/week, and movies $3/week. Notice that if you add all the money up, you get $10. Also you don’t have to buy everything every week, one week your priorities might be different, you may not want to buy any music so the money you use for music can be redistributed to the other items on the list. Prioritizing and allocating are good ways to control small expenses.