Diary of a computer engineer trying to start a software business. Dilemma between idealistic self and realistic world... how is he going to survive?

Monday, January 10, 2005

TygerSoft Financial Records, Plans and Budget

Welcome back, A new year seems like a "Brave New World" to me. Hope everyone had a great holiday. Now get back to business!

First and most important goal of a company is to survive first. I've set a goal that when I have less than $45,000 NT, I would need to start looking for a job. That should last me for two months. With that in mind, I would need to make $22,000NT between March and April.

Balance Sheets and Income Statements are extremely important. Analyzing it can help me forcast how I should map out the schedules in terms of earnings. Through it, the MAIN cost is personnel cost. My salary in US is about 60K USD a year. In Canada would be between 40-50K CND a year. In Taiwan, would be 35k-40k NT/mo + stocks.

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