Though some of these items may come up unexpectedly, like the purchase of the laptop to replace the one that crashed, some others can be budgeted for months in advance, like that internet business retreat you’ve been eyeing, to protect your company from financial burden.
Step five: Pull It All Together
The 1st four actions of this post detail the elements of the great enterprise budget, so the last step is simply pulling it all together. Consider action by utilizing this handy checklist with specific examples so that you can build your price range 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
Developing a month-to-month company budget 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 enterprise can stay on track and expand.
What else stands in your way of a balanced internet business budget? 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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