How to Create Your Business Budget
What you'll learn
- Estimate your expenses
- Estimate your inflows
- Adjust your goals and strategy based on business needs
- 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.
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
Gus has run his own organizational effectiveness consulting practice for over 20 years and has worked with hundreds of client organizations ranging from pharmaceutical and consumer healthcare product companies to brokerage, banks, and insurance companies, from IT startups to long-established telecommunications service providers as well as law firms, retailers, hospital systems, and chemical manufacturers. His proposals have won—and lost—multi-million dollar deals as well as much smaller ones.
He has earned a PhD in Education with a minor in Leadership, an MBA, and a BS in Marketing as well as a Certified Performance Technologist designation. He has taught Masters-level elearning design courses and frequently delivers live and virtual workshops for leaders at all levels. He regularly presents at industry conferences and is a recognized thought leader in the talent development industry. His passion, though, is mentoring colleagues and fellow consultants as they launch and expand their businesses. Over the years, he has counseled hundreds of business consultants and budding entrepreneurs.