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Snoop Dogg

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What Josh should have done?

The expenses, such as insurance should have been paid over the year, in monthly segments, instead of in full at the start of the year. Josh also could have waited for the business to become steady before spending a whole £500 at the start of the year. Josh could also have connected both his sales and wages. He could have also took a percentage out every £500 he made, which could have gone towards his wages. Over the year, Josh did not make a profit. Josh should have changed the way he worked, to help him make a profit. This cash flow is really poor, as he was becoming more and more in debt. Josh should also pay his road tax in monthly sections next year. Josh should have also reconsidered the time he brought his van, and when he got it decorated. He should have let his business build up a bit more before buying something that big and spending that much money. His business is a bike business, so if he needed to travel to get deliveries, he could have biked there. Then when he earned a bit more money, he could have considered buying a van. Josh should have also gone to fewer competitions, as the money he spent on petrol to get there, and the money he actually spent there could have been used for something else, such as he could have put it towards the money he took out for wages, meaning he would have more money left in his account after taking out the £700.

What will happen if Josh continues?

If Josh carries on with this type of financial planning, he may become bankrupt, or be in high levels of debt. His business may also become in trouble, as he spent a lot of his money at the start of the year when his business had just been set up. This may cause him to lose all his money, so his business may have to shut. He may also have to take out loans from the bank or loan sharks, which will need to be paid off with interest. This may

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