Business Budgeting for Start-Ups

A budget, like a business plan, is absolutely necessary for a start-up business venture. Without a budget, the owner will not know if he or she has included everything. There will be no picture what the business will look like at the end of the year without revenues estimates. Often business start-ups are short on available funds. There is often a time constraint on how long the business has to break even and start making a profit. A budget that shows an eventual profit makes a case for a valid, sustainable business. In addition to providing a picture of the business, the budget is at the same time, a road map. Extending income and expenditure out into the future will give the owner (and possibly investors or creditors) an idea of what the route the business will follow and describe…