When some of these items may come up unexpectedly, like the purchase of a laptop to replace the one that crashed, others can be budgeted for months in advance, like that organization retreat you’ve been eyeing, to protect your enterprise from financial burden.
Stage 5: Pull It All Together
The 1st four ways of this post detail the elements of a really good home business spending budget, so the last step is simply pulling it all together. Get action by employing this handy checklist with specific examples so that you can develop your spending budget 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
Generating a regular monthly business enterprise 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’s an essential infrastructure project that gives you the ability to make conscientious financial decisions so your business can stay on track and increase.
What else stands in your way of the balanced home business budget? Are there any hurdles we’ve missed that currently have you paralyzed in the process? If so, comment below with your questions, challenges or concerns.
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