Even though some of these items may come up unexpectedly, like the purchase of a laptop to replace the one that crashed, other people can be budgeted for months in advance, like that small business retreat you’ve been eyeing, to protect your business enterprise from financial burden.
Phase five: Pull It All Together
The primary four measures of this post detail the elements of the decent small business budget, so the last stage is simply pulling it all together. Get action by implementing this handy checklist with specific examples so that you can produce your budget without any hassle:
Income SOURCES:
Hourly Earnings
Product Revenue
Investment Cash flow
Loans
Savings
Other
FIXED COSTS:
Rent/Mortgage
Utilities
Salaries
Internet
Government and bank fees
Cell phone
Website hosting
Accounting Services
Legal Services
Insurance
VARIABLE Expenditures:
Raw Materials
Contractor Wages
Commissions
Advertising
Other Marketing Costs
Transportation
Travel & events
Printing Services
ONE-TIME SPENDS:
Computer
Furniture
Software
Office Supplies
Gifts
Building a month to month internet business price range may seem like a hassle, but I bet it’s something you’ve been thinking about for a long time. Consider the leap! It is an essential infrastructure project that gives you the ability to make conscientious financial decisions so your small business can stay on track and grow.
What else stands in your way of a balanced online 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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