Image designed on canva by me.

It's really easy to start up a business but how do you stay in it without crashing,alot of people have started and they have crashed,they never thought it would end like because everyone wants a long lasting business that would yield income and make us great people.
What is the extent of starting a business and you don't have a goal for it,you don't know how you want to expand it or you don't even have a foresight that you will expand it,you just want to sell and that's all. Not crashing starts with setting up a financial goal,a budget,how you will spend the money that comes in,do you spend it wisely or you spend it without budgets.

Set up a financial goal

Financial goals are things you want to do, like how you want your business to take a turn, either within a short period of time or long period of time,you can say you want to achieve something within the next five years or ten years, don't just write them down, do them,alot of people just write and they never do.
What to do when setting up your goals
1. Calculate your returns: if you want to go farther in that business,you must calculate your profit and gains,don't just keep all the money somewhere and just keep spending,you must know if you are making a progress or not,if you are really profiting in that business or it's just debts all the time.

2. Budget what you spend on: don't just spend or else you will spend all your profit and enter into debts, don't spend on things that are not necessary, things that are not needed, whatever you want to spend on should be in your budget and also improve the business.

3. Envision your business future: How do you want your business to look like in the next ten years,do you want to expand from one small cafeteria to a big restaurant in the next ten years,how are you working towards that? It's not just about mouth,what are you doing that will make that goal achievable,how much money do you think you need to make that goal work out? Then you need to start saving up, divide the profits you are making and save a bigger amount for the project,you can't use all your profits to buy clothes and shoes or groceries, doing that it means you will get stuck,it's very simple, important things comes first.

4. Set up your target dates: when do you want to achieve those goals? you need to set up that date because it will quicken your spirit,it will make you work very fast and smart in achieving that goal,the goal should be like this -"by 2030 I should have own a big firm" you are putting a date on it, and that you must achieve it unfailingly on that set date, before you can achieve your goals you must have been working towards it already,you won't wait till that 2030,you would have started in this 2023,that is how to set up a target dates.

Any business that must thrive must have a set goals, financial goals and budgets.