Budget Template Small Business
Calculating the Budget for Small Business
Calculating the budget for small business is among the most important tasks to accomplish. Your business will thrive and even grow and continue to make a profit if it starts with perfect health. To make sure that your small business starts with a healthy budget, there are two important factors to mind.
Many people often start a business from scratch with literally zero capital. If this is your case, you need to think about the possible income sources that you can use to kick-start your business. If you want to build an interior design business, you can start as a freelancer to get enough capital to establish a more permanent business. While working as a freelancer, you can make a list of potential sources from which you can generate income. They will eventually become the sources of income for your business.
Fixed and Variable Costs
Another important factor to mind when calculating the budget for small business is your expenditure, be it fixed or variable. Research fixed expenses that you have to make periodically (monthly or anything) and then give some room to variable costs and emergencies.
Sample of Budget Small Business:
You can then make a model of a budget plan based on your projected revenue and expenses. You can continue developing this model as your business grows.
Budget Template Small Business | Excel – download