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My full assessment

Set up and Planning

  • Created a business plan
  • Performed a competitive analysis
  • Tried to sell to customers
  • Neutral
  • Very Confident

Market Research

  • Neutral
  • Confident
  • Neutral
  • Neutral
  • Very Confident

Finances

  • Neutral
  • Confident
  • Neutral
  • Confident

Sales

  • Very Confident
  • Very Confident
  • Very Confident

Operations

  • Neutral
  • Very Confident
  • Very Confident
  • Neutral
  • Confident
  • Very Confident
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AH
  MicroMentor Texas » PeopleFund

Alaine Hutson Entrepreneur

Location
Austin, Texas, United States of America
Venture Industry
Jewelry/Luxury Goods
Languages spoken
  • English
Recent Activity

What I need help with

My background as an entrepreneur

My current challenges

I learn fairly quickly, but need some training on how to get a good bookkeeping system so I always have my financials ready and how to fill out financial statements. I specifically need some help understanding where to but some of my business expenses into a P&L worksheet the ones I see don't seem to have slots for all the expenses from having a online shop.

Actions I’ve taken so far

I have received templates for financial projections and P&L statements and tried to fill them out but am not sure I am putting all the numbers in an organized, helpful place.

My future goals

I want to get a microloan to buy some equipment which will make a process in my jewelry making more reliable, less of a hassle than taking to a third party and will also give me the opportunity to perform the process for other jewelers and therefore add a revenue stream to my business. The loan will also make it possible to hire some folks part-time so that I can hand off some production work and concentrate on making new products and finding new customers.

My motivations to work with a mentor

To get unstuck and on to the next level by understanding these financial statements and learning how to keep them up to date.


About my venture

Social Justice Jewelry Started 2017

I need some help understanding where to but some of my business expenses into a P&L worksheet and a 3 year statement of cash flows for a microloan.

Countries of operation: United States of America