Allyson Godwin wants to turn her quilting hobby into a full-time business.She plans on setting up a small business where she will offer quilting lessons,sell material and quilting kits that she will create as well as market her own creations.Last year her quilting skills earned her $2,000.She estimates that quilting as a full-time business will earn $10,000 during her first year.She has budgeted 5 percent of her sales estimate to be spent on promotion.What budgeting method is Godwin using? What are the advantages and disadvantages of this method? What other options does she have?

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The Answer of Allyson Godwin wants to turn her quilting hobby into a full-time business.She plans on setting up a small business where she will offer quilting lessons,sell material and quilting kits that she will create as well as market her own creations.Last year her quilting skills earned her $2,000.She estimates that quilting as a full-time business will earn $10,000 during her first year.She has budgeted 5 percent of her sales estimate to be spent on promotion.What budgeting method is Godwin using? What are the advantages and disadvantages of this method? What other options does she have?

Allyson Godwin Wants to Turn Her Quilting Hobby into a Full-Time