Although 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 business retreat you’ve been eyeing, to protect your company from financial burden.
Phase 5: Pull It All Together
The first four actions of this post detail the elements of the good enterprise budget, so the last stage is simply pulling it all together. Consider action by utilising this handy checklist with specific examples so you can produce your price range without any hassle:
Income SOURCES:
Hourly Earnings
Product Revenue
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
Making a regular monthly organization budget may seem like a hassle, but I bet it’s 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 business enterprise can stay on track and increase.
What else stands in your way of a balanced home business spending budget? Are there any hurdles we’ve missed that currently have you paralyzed in the process? If so, comment below with your questions, problems or concerns.
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