When 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 organization retreat you’ve been eyeing, to protect your online business from financial burden.
Step 5: Pull It All Together
The first four ways of this post detail the elements of a decent business enterprise price range, so the last stage is simply pulling it all together. Consider action by using this handy checklist with specific examples so that you can develop your price range without any hassle:
Income SOURCES:
Hourly Earnings
Product Income
Investment Revenue
Loans
Savings
Other
FIXED COSTS:
Rent/Mortgage
Utilities
Salaries
Internet
Government and bank fees
Cell phone
Website hosting
Accounting Services
Legal Services
Insurance
VARIABLE Expenses:
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 monthly company budget may seem like a hassle, but I bet it is 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 enterprise can stay on track and increase.
What else stands in your way of the balanced company spending budget? Are there any hurdles we’ve missed that currently have you paralyzed in the process? If so, comment below with your questions, issues or concerns.
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