Budgeting Can Make All The Difference In The World Between...

...Being Able To Take A Class Or Not!

7. Budgeting and Finances

A good business manages its financial situation very well. Having a budget and sticking to it are essential to overall business success. The begins with the business plan. All spending can happen only if it is in line with the business plan. In other words, spending the company’s money should always have to do with helping it accomplish its plan and ultimately achieve its vision. Managers get together and project what they will need to spend to achieve the company plan. Advertising, selling tools, computers, maintenance, and so on are all planned for and budgeted in advance. Once the general manager and finance director approve each manager’s request for money to spend, they will be expected to stay within that budget and save wherever possible.

Budgets are usually tight. That means there is little or no room for unplanned expenses. When I was in Nike, so many people asked me for sponsorships for their sons or daughters who played sports. My answer was most often no, because the company had a very clear strategy. It was to focus on the bigger teams that would get the company greater visibility. For the smaller teams and individuals, there were other programs that didn’t necessarily include sponsorship but had other benefits to help improve their performance.

Do you know where all your money goes each month? I thought I did until some years ago when I monitored all my expenses over the course of several months. I kept and registered every receipt for every item I bought, whether it was a bottle of water, a taxi ride, a bag of chips, groceries, or whatever. I needed to do this in order to ensure that I wouldn’t run out of money during my first year after having quit my corporate job. I knew that I would not be making much money during that year, and I wanted to make sure my budgeting was accurate.

If you haven’t done it, I highly recommend it. It is amazing to see how much we spend on Starbucks and cigarettes see how much we spend on Starbucks and cigarettes and other daily habits! While gathering information for my book, I was talking to a fellow actor who told me that sometimes he has to decide between paying rent and taking a class. If with better money management and a savings plan, even if just a few dollars a week, those kinds of decisions could be made easier for a lot of people.

Good, solid planning will help you make good budgeting decisions.

Site Map | Home | Who's Behind ACSUp.com | Acting Career Blog | Site Testimonials | Actor Q & A | Buy Acting Books | Typical Day Of An Actor | Start Your Career | Fund Your Career | Acting Classes | Acting Schools |International Actors | The Business Of Acting | Actor Promotion Tips | Your Actor Website | Teen Actors Guide | About Disney Channel Auditions | Headshot Advice | How To Find An Agent | First Audition Advice | Avoiding Scams | Find Acting Scripts | Find Monologues | Resources For Singers | Acting Industry Information | Cruise Ship Opportunities | Nutrition & Health For Actors | Public Speaking Tips | Staying Motivated | Link Exchange | Contact/Ask A Question | The Bollywood Connection | Find Acting Work |

Become a member
of the fastest growing community for new and aspiring actors and get your copy of the free ebook:
HOW TO START
AN ACTING CAREER
just for signing up!
We promise to protect your privacy and not to give your information to anyone else.

First Name* First Name* E-mail Address* E-mail Address*

---

Do you have what it takes to become an actor?
Take the quiz and see what areas you need to develop.

---

Video Special Report!:



The Top 10 Reasons Why
Most Aspiring Actors Never Make It!

---

Hi Tony
I would like to thank you for helping me with the monologue question I asked in October 2007. I went to the auditions for a Drama course and I am happy to say that I have been accepted as a first-year student at the Tshwane University of Technology. Please keep on sending me those newsletters and let me know where I can find books that will help me in my acting career. Thank you once more. Have a blessed day.
Sincerely
Edward Thaba -South Africa

-----------------

Hi,
I was wondering if there is anything established like actingstartup.com in the U.K. because you are amazing and I have learned loads...
Thank You.
Nadine., Newcastle, UK

-----------------

Dear Anthony,
Just wanted to thank you for bringing me in to [audition for the video], meet you and chat this Saturday. I was really excited to hear about your working on actingcareerstartup.com and even took a look at it today - it's awesome! You are very well-spoken, knowledgeable and enthusiastic, and it shows through the work that you do! I hope our paths in the industry will cross again and really enjoyed meeting you. Thanks, again and best wishes with your very important work!
Warmly,
Gretchen, NY, NY

-----------------

Hey Tony, thanks for the info, yours by far is the most useful, I am 30 years old, and I myself always (secretly) wanted to be an actress, but I never knew where to begin, so thank you. You have given me hope!
Ana C., Tampa, FL

-----------------

Hi, I’m John.
You answered a question for me about two weeks ago about how to write my cover letters…I want you to know your advice was helpful. I got called in for a part as an extra in my first movie! It’s not big, but it’s my first one! Thanks for your help!
John, San Diego, CA