Preparing business budgets

Preparing business budgets

There are various budgets that need to be worked through before you can amalgamate them in your business plan. The important thing is to create simple budgets for every aspect of your business.

Write out and calculate simple budgets for the following:

• basic office essentials - computer, printer, fax and filing cabinet
• tools of your trade
• locations costs - rent, council fees, telephone, utilities and furniture
• hidden costs - publications, trade organisation membership fees, printing and photocopying
• salaries and taxes

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Read more from Lynne Franks' SEED Handbook: the feminine way to create business.