# data[].attributes.body
planning, organising and fixed and variable costs

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Learning about how to track , plan my finances and also how to get revenue

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Going with the flow - goal setting and make budget a must have

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Geting orgainsed and learn about financial

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Get organized

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Being lazy to manage finances in an organised way

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1. Water conservation system( Water tank)

2. Irrigation pipes

3. Garden tools

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Being indecisive about customer segments to focus on - thinking about only one route to earn revenue - sticking to one business model - focusing on grants to grow the project

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Continue to set goals for the next six months and track progress

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proper budgeting - thinking beyond capex and COGS - consider marketing and business development as actual costs

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A good strategy is a financially viable project

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Having financial long term goals

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Stop reacting to opportunities start planning for them

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Keep strategyzing and walking forward towards MVP finding!

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Offering a small price, and have the feeling of reveiving from my service!

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Stop creating projects without considering the financial sustainability

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Talking to customers to figure out the most pressing and urgent pain point they are willing to pay for

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Focusing on creating a must-have niche use case for customers to make business revenue financed

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Focusing too much on grants and awards to grow the project

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Stop focusing on the segments that have low/no impact on the project and should have a low priority at the moment

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Update budget regurlarly

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Keeping running track of expenses

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Making schedules further out for expenses

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being to scared to spend needed funds

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Working with assumptions

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sales to generate revenue

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figure out how to be a price maker rather than a price taker. need to invent something innovative that solves a niche problem

# data[].attributes.body
trying to keep all the budget things in my head

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Restrict yourself from buying everything instead try to find alternatives at your place or DIY things first

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Prioritizing vertical integration and maintaining a lean budget expenditure.

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Invest in assets and items that have a "Return on Investment" and grant me having a sense of control in the value chain of my project: Whether its in production means or how we are perceived by our customers.

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Impulsive spending and the desire for instant gratification. This is irresponsible and may have unexpected effects to your growth, which can either go well or turn out detrimental - regardless, uncertainty in budget expenditure should not be practiced. Instead, your budget is something you have full control of; "how" , "why" and "when" you handle your finances is very helpful.

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Keep maintaining my grant specific spreadsheet to track spending from individual grants received. This helps in clear documentation and tapping into history of expenses for future forecast + restraints.

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Look more into unique selling point to increase the value of my venture, track all my expenses and revenue streams, plan more in advance

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Unplanned spending, any activities or processes that might devalue my price,

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there are three key budget considerations I must keep in mind to ensure both short-term operations and long-term growth. First, I need to accurately estimate and allocate my costs, including fixed expenses like rent and equipment, as well as variable costs such as larvae feedstock and labor, to keep daily operations running smoothly. Second, I must plan for capital expenditures by budgeting for long-term investments like expanding facilities or purchasing new equipment that will support scaling and growth. Finally, I have to carefully forecast my revenue from selling feed and fertilizer, while also considering potential grants or investor funding that will help sustain and grow the business responsibly. These budgeting strategies will help me maintain stability now and build a strong foundation for the future.

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Any unnecessary purchase that has an alternative either in cheaper renting or can be borrowed

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The Beyond sales to ensure that my venture is self sustaining. I will keep looking for other partners while ensuring that I align my budget with the requirements of either donors or investors

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Pricing strategy is key in ensuring that the margins have been kept. I will keep asking am I a price maker or taker at any given option

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keeping track of my daily cash inflow and expenses

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conduct thorough market research to determine the price of my product.

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If it is something that has not been budgeted for then, id rather not spend on it unless i can't survive on it

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Keep tracking of the monthly expenses and create a general board of the goals

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Partnership with a great co-worker/friend to create and potentialize IMIA!

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Being a price taker, I know the value of the project and product: why do I feel so scared to take the step?

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Keeping budgets neat, recording monthly expenditures

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Diversifying revenue streams

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Reduce dependency on one revenue source

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Be meticulous about every spend.

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Document EVERYTHING

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Procrastination when it comes to financial planning.

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write down all operational costs and count how much I want to earn to let myself grow - be realistic

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I already love the modules of the second year. I think budgeting is so important.

Looking forward to the live sessions and all the things to come :)

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not worrying too much because I know where the money goes as do spend them carefully

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searching for cheaper but not weaker alternatives

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spending less than expected

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use all the informations that bV's team precisely prepared for us

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install bV's app for keeping invoices

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putting business management off for later

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Tracking and monitoring budget spends

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To stop over - estimating revenue streams

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Accurate Cost Allocation and Revenue Forecasting

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Balancing Operational Costs with Growth Investments

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Formulate a clear budget for the project

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Track and account for every expense

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Tracking every expense.

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Create a clear budget and burn rate.

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Over-estimating Revenue Streams: Grants, Subsidies, etc.

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Keeping the budget documented as much as possible and measuring

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Visualize the actual and immediate use cases and prefering products with multiple use cases

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Maximalism , not thinking far sightedly while spending

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Keeping expenses lean and prioritising low-cost, high-impact activities to stretch limited resources.

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I need to reduce dependency on unpredictable income streams.

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Setting aside a clear budget line for growth, not just covering immediate costs.

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Sticking to the budget

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Capital expenditure

Price taker/ Maker

Production cost

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Adhering to the budget I already made.

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Visualizing all the components of the process to make a more realistic budget.

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Mixing different costs sources and not classifying them to analyze them properly for future data.

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Being open with funding entity about updates and changes of plans

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Make a budget to try and allocate and map costs before even doing spending money!

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Ask enough questions to experts to fully understand what I ACTUALLY need for my product to work.

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Better analyse the cost of the process, and also consider administration fees and overheads.

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Spending while thinking that the first version of my product already needs to be 'premium'.

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research, document, and have timelines set to each target with the respective costs associated

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document and write every expense and purchase made

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spending unnecessary without properly planning and budget

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Putting doing every cost before spending any penny

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Spending without budgeting

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Run a market survey on prices of products in the market before setting mine

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track all expenses and costs to manage expenditure

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Stop operating without a budget.

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Diversifying the revenue streams beyond sales while maintaining transparency and accountability.

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Categorizing each expenditure/cost and determining our final pricing strategy.

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Allocating funds without prior knowledge about each category of costs or expenditure made.

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Overthinking every financial decision and falling in analysis paralysis

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Research raw material costs and production with suppliers to assess unit economics

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Make a year plan to map future expende and have a clear idea of how much additional funding will be needed

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Keep speaking to many more business players to manage expenses better

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Keep speaking to many more business players to manage expenses better