Creating a Startup & Monthly Budget For Your Business Video
This document determines your start-up costs and operating costs. I recommend that during this start-up stage you create two separate budgets. One budget specifically for your start-up one-time costs and the second budget that displays your ongoing expenses.
Start-Up Costs: I recommend determining a set budget amount that you do not want to go over. Next, focus on what your business NEEDS to function for the first 3 to 6 months. This is not the stage to splurge or spend unnecessarily.
Monthly Costs: At the start-up stage some of the costs featured in the example you will know and some you will have to give an estimate. The costs will also vary as it depends on the products, services, and needs of your business.
What You Will Learn:
- How to develop a startup operating budget
- How to develop a monthly operating budget
This lesson is part of a 17-part learning series that teaches you step-by-step the fundamentals of establishing and operating a legitimate business. Check out the complete course here.
What You Will Get:
1 Video (58MIN 06SEC)
1 PDF Resource (Creating a Startup + Monthly Budget Guide)
1 PDF Resource (Business Budget Template)