Bronze Package "Finance"
Review of your current Financial Options and how to improve it and your Company's Future with it.
Main Financial Income Options.
Options that scale from demand and more.
To Improve and invest into new Options.
How I was teached in Finance:
Fix Cost:
A cost that always stays the same and barely changes.
Examples, such as your rent and the infrastructure your Company or Project depends on.
Income wise it's very consistent. Allowing you to Build upon with little risk.
Variable Cost:
A cost that's always changing but can be tracked on a monthly basis
Examples include subscriptions to tools, platforms, and other recurring expenses.
Although these costs may change, they are not essential and can be easily modified if necessary.
Most common examples are Netflix and amazon Prime or for a Business Patreon and Merchandise.
Income wise it's very inconsistent depending more on Demand such as Hype and marketing efforts.
Budgets:
A cost that varies on the specific project or objective.
Often used when saving up for Future Purchases, such as a car or a Holiday trip.
But it can also be an essential investment you depend on, such as your Food Budget for this month.
It's never fixed and you will always struggle to keep it consistent.
In a business setting, budgets are often allocated to projects or products that have uncertain returns on investment.
Income wise it's unknown. Compared to the other two cost types, it relies on limited experience and expertise.