Although some of these items may come up unexpectedly, like the purchase of the laptop to replace the one that crashed, other people can be budgeted for months in advance, like that organization retreat you’ve been eyeing, to protect your business from financial burden.
Stage 5: Pull It All Together
The initial four measures of this post detail the elements of a decent home business spending budget, so the last phase is simply pulling it all together. Take action by employing this handy checklist with specific examples so that you can establish your spending budget without any hassle:
Revenue SOURCES:
Hourly Earnings
Product Sales
Investment Earnings
Loans
Savings
Other
FIXED COSTS:
Rent/Mortgage
Utilities
Salaries
Internet
Government and bank fees
Cell phone
Website hosting
Accounting Services
Legal Services
Insurance
VARIABLE Costs:
Raw Materials
Contractor Wages
Commissions
Advertising
Other Marketing Costs
Transportation
Travel & events
Printing Services
ONE-TIME SPENDS:
Computer
Furniture
Software
Office Supplies
Gifts
Generating a month to month enterprise price range may seem like a hassle, but I bet it’s something you’ve been thinking about for a long time. Take the leap! It is an essential infrastructure project that gives you the ability to make conscientious financial decisions so your internet business can stay on track and expand.
What else stands in your way of a balanced small business budget? Are there any hurdles we’ve missed that currently have you paralyzed in the process? If so, comment below together with your questions, difficulties or concerns.
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