Even while some of these items may come up unexpectedly, like the purchase of a laptop to replace the one that crashed, many others can be budgeted for months in advance, like that organization retreat you’ve been eyeing, to protect your online business from financial burden.
Phase 5: Pull It All Together
The first four ways of this post detail the elements of the fantastic internet business budget, so the last step is simply pulling it all together. Consider action by applying this handy checklist with specific examples so you can establish your budget without any hassle:
Earnings SOURCES:
Hourly Earnings
Product Revenue
Investment Income
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
Establishing a month to month online business price range may seem like a hassle, but I bet it’s something you’ve been thinking about for a long time. Get the leap! It is an essential infrastructure project that gives you the ability to make conscientious financial decisions so your business enterprise can stay on track and develop.
What else stands in your way of the balanced enterprise price range? Are there any hurdles we’ve missed that currently have you paralyzed in the process? If so, comment below along with your questions, challenges or concerns.
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