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Budgeting
By means of budgets it is possible to calculate how much it cost to set up a business. And how much it cost running the business.Budgets are for many entrepreneurs one of the worst things about starting. They are afraid of it and think that only accountants can make budgets. It is not true. Budgets are rather simple to make. It is simple addition and multiplication. Just take one expense at a time.
Budgeting is easy
For a start up company you might need to purchase five chairs for the office
at 50 $ each.
The line in the budget will say:
- 5 chairs x 50 $ = 250 $
Other expenses must be calculate the same way.
When you have gathered all your expenses you add them together. By doing this
you have made a budget for all your expenses.
Budgets are tools you need in order to figure out your business´s establishing and operating cost.
Budgeting with the help of a spreadsheet
A spreadsheet is a computer program like e.g. the word processing programme
Microsoft Word. Word helps you create text.
Microsoft Excel is a spreadsheet programme. Excel helps you calculate figures
– and then also a budget.
- Go to Three Important Budgets
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Copyright © 2009 Dynamic Business Plan 06-09-2010
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| Other Budgets |
| Three Important Budgets |
