Even though some of these items may come up unexpectedly, like the purchase of the laptop to replace the one that crashed, many 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 procedures of this post detail the elements of a really good internet business price range, so the last phase is simply pulling it all together. Take action by using this handy checklist with specific examples so you're able to develop your price range without any hassle:
Income SOURCES:
Hourly Earnings
Product Revenue
Investment Revenue
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
Developing a monthly company price range may seem like a hassle, but I bet it is something you’ve been thinking about for a long time. Consider the leap! It is an essential infrastructure project that gives you the ability to make conscientious financial decisions so your online business can stay on track and expand.
What else stands in your way of the balanced small business price range? 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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