Whereas 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 home business retreat you’ve been eyeing, to protect your company from financial burden.
Stage five: Pull It All Together
The first four ways of this post detail the elements of a superior enterprise price range, so the last step is simply pulling it all together. Get action by utilising this handy checklist with specific examples so you're able to make your price range without any hassle:
Cash flow SOURCES:
Hourly Earnings
Product Product sales
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 monthly organization budget may seem like a hassle, but I bet it’s something you’ve been thinking about for a long time. Consider the leap! It’s an essential infrastructure project that gives you the ability to make conscientious financial decisions so your company can stay on track and grow.
What else stands in your way of a balanced small business 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, issues or concerns.
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