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How to Create Your Business Budget
Rating: 4.3 out of 5(62 ratings)
3,474 students

How to Create Your Business Budget

Gain the visibility you need to make good business decisions.
Created byGus Prestera
Last updated 12/2025
English

What you'll learn

  • Estimate your expenses
  • Estimate your inflows
  • Adjust your goals and strategy based on business needs

Course content

6 sections20 lectures1h 49m total length
  • Welcome4:14

    Welcome to How to Create Your Business Budget!  In this course, you'll learn how to address the question: what is the nut you need to crack?  Here I'll introduce you to the budgeting template.  Remember to download it, along with the course workbook.

  • What Are Your Startup Costs?7:51

    If you're starting a new business, check out this lecture and brainstorm what sorts of expenses you'll be incurring as you get going.  If you like, download and save the course workbook.

  • Tour of the Business Budget Template4:36

    Here I'll walk you through the Business Budget template just to orient you to how it's set up and how it works.  Remember to download the file.

  • NEW Lecture: Utilization & Time Reality Check3:49
  • NEW Lecture: Why Most Budgets Fail — And How to Avoid It4:09

Requirements

  • You'll need to have Microsoft Excel in order to open the budget template provided, but the tool is simple enough that you don't need to know Excel in any great depth.

Description

When you own a business--any business--what you don't know can really hurt you.  This is why successful business owners estimate their expenses and cash inflows and review their budget on a regular basis.  In this course, I'll provide you with a simple budgeting template (.xls) and walk you through how to use it step-by-step, so that you can create and maintain a budget for your business.

Along the way, I'll help you understand the difference among fixed, variable, and discretionary expenses and techniques for estimating your future cash inflows.  We'll take a look at your sales funnel, and I'll provide you with a simple tool that you can use to gauge the value of your funnel.  Loads of videos, mashups, and screencasts to support you along the way.

This course is for new business owners and folks thinking about starting a business.  I designed it primarily for consulting businesses, but budgeting really applies to any business.

If you want to take your business seriously, take this course and start wrapping your head around your finances.  You'll be glad you did.  As your business grows, so does your financial risk, so start building good financial habits early and you'll be fine.

Who this course is for:

  • Anyone who is starting a business
  • Anyone thinking about starting a business
  • Consultants going from consulting "gig" to consulting business