Whilst some of these items may come up unexpectedly, like the purchase of a laptop to replace the one that crashed, some others can be budgeted for months in advance, like that home business retreat you’ve been eyeing, to protect your home business from financial burden.
Stage 5: Pull It All Together
The first four procedures of this post detail the elements of the really good enterprise budget, so the last phase is simply pulling it all together. Consider action by utilizing this handy checklist with specific examples so that you can produce your budget without any hassle:
Income SOURCES:
Hourly Earnings
Product Revenue
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 Expenditures:
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 regular monthly organization spending budget may seem like a hassle, but I bet it is something you’ve been thinking about for a long time. Get the leap! It is an essential infrastructure project that gives you the ability to make conscientious financial decisions so your organization can stay on track and expand.
What else stands in your way of the balanced company 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, problems or concerns.
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