The Closed Circle and the Business Owner part 1

Business owners should have a separate Closed Circle for their business. If there is more than one business, then each business should have its own Closed Circle. The exception to this is if you have a small home based business that is a sole proprietorship. At the beginning, there are probably not a lot of expenses, nor is there much income, so in this case, you could just include the small home based business in your personal Closed Circle until it grows to a point where the income is covering the expenses.

In Creating a Closed Circle for your business:

Obligations are Cost of Goods Sold

Necessities are Operating Expenses

Wants are expenses for growth and team enjoyment