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 small business retreat you’ve been eyeing, to protect your online business from financial burden.
Step 5: Pull It All Together
The very first four actions of this post detail the elements of the great online business spending budget, so the last phase is simply pulling it all together. Take action by applying this handy checklist with specific examples so you can generate your price range without any hassle:
Income SOURCES:
Hourly Earnings
Product Product sales
Investment Income
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 month-to-month internet business spending 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 business enterprise 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, difficulties or concerns.
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