Planning perfect

Home based businesses require proper planning assumptions for its operation. Planning on payrolls, equipments required, sales build up, profit margins, etc. A projection of profit and loss should be prepared for the first year, divided into 12 months, so that it may act as a budget for the next year. The amount that one is planning to pour should always be divided into 3 parts. One, which would be the amount of investment, another for the backup of the investment and the last would be the amount that is kept if the business meets a huge loss in times of the worst case.