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A excellent perk of producing a budget is now you will be able to factor in one-time purchases better than ever before.

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A awesome perk of building a price range is now you will be able to factor in one-time purchases better than ever before.

Whereas some of these items may come up unexpectedly, like the purchase of the laptop to replace the one that crashed, others can be budgeted for months in advance, like that company retreat you’ve been eyeing, to protect your business from financial burden.

Phase 5: Pull It All Together
The primary four measures of this post detail the elements of a decent company price range, so the last step is simply pulling it all together. Take action by employing this handy checklist with specific examples so that you can establish your price range without any hassle:

Revenue SOURCES:
Hourly Earnings
Product Income
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 Bills:
Raw Materials
Contractor Wages
Commissions
Advertising
Other Marketing Costs
Transportation
Travel & events
Printing Services
ONE-TIME SPENDS:
Computer
Furniture
Software
Office Supplies
Gifts

Producing a month to month business price range may seem like a hassle, but I bet it’s something you’ve been thinking about for a long time. Take the leap! It’s an essential infrastructure project that gives you the ability to make conscientious financial decisions so your business can stay on track and expand.

What else stands in your way of a balanced organization 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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