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Budgeting

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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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Budgeting

 
DEVENDER KUMAR SAINI, india 14-11-2011
budget in tally

Thomas Culver, CEO, San Juan Puerto Rico 02-03-2011
I Own Culver Foods Interprise in New York,Puerto Rico

jenny smith, england 18-10-2010
ASSISTANT ACCOUNTANT

 


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Copyright © 2009 Dynamic Business Plan          05-02-2012


Budgeting
Calculate your turnover and sale
Cash Flow Budget
Establishing Budget
Example of an Operating Budget
Operating Budget
Other Budgets
Three Important Budgets

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My First Budget - Quick & Easy: