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By means of budgets it is possible to calculate how much it costs to set up a
business and how much it costs to keep the business running.
Budgets, for many entrepreneurs, are 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:
Other expenses must be calculated in 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.
If you are able to use a spread sheet it becomes much easier to make your
budgets.
Budgeting with the help of a spread sheet
A spread sheet is a computer program like e.g. word processing programmes
such as Microsoft Word. Word helps you create text.
Microsoft Excel is a spread sheet programme. Excel helps you calculate figures –
and in turn a budget.
- Go to Three Important Budgets
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| 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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