A Budgeting Secret You Won’t Learn in College
I also have a secret tip for you. (I’m going to write very quietly now so that no one else hears. . . .)
These references are really cool. For example, Robert Morris & Associates surveys bank lending officers, creates a summary of the information that these bankers receive from their customers, and publishes the results. You can look up, for example, what percentage of sales the average tavern spends on beer and peanuts.
Plan to spend an hour or so at the library. Getting used to the way that the Robert Morris & Associates report displays information takes a while. The taverns page doesn’t actually have a line for beer and peanuts, for example. Instead, you see some vague accounting term like cost of goods sold.