If you are running a startup, you’ll want to budget for both your ongoing costs and the costs you will need accrue to actually get your business off the ground. Whether you’re a startup or a more established business, adding a business budget to your business plan is a great way to stay organized and to plan how you can best use your budget to your advantage. How do I create a business budget?Ĭreating a business budget is an extremely important step towards making sure your business not only stays on track financially, but is using the funds you have available in the most strategic ways possible.

We’re going to walk you through seven of our current favorite small business budget template tools, but first let’s look at what you need to know about actually creating a business budget. And just to keep them within your budget (see what we did there?) they’re free! In fact, there are several downloadable, customizable business budget templates that you can access right now. There are online resources that simplify the process. If that sounds daunting or time-consuming, fear not. Effective budgeting requires regular calibration of the real business environment against the theoretical one. For example: How could you make an informed decision about whether it’s a good time to grow your business, purchase new inventory or assets, or give yourself a raise?Ĭlear, up-to-date budgets can help with questions like these.Ī budget is a tool that allows you to measure your ideal financial numbers against your actual figures. Without easy access to your financial information, many decisions are tougher than they should be.

Running a successful small business without a budget is virtually impossible. Running a successful small business is hard.

Customizable monthly budget template