When it comes to income we need to be realistic here, I often see unrealistic income figures and the number of hours people are willing to put in to their own business.

below are some steps to consider which you will also find in Kyles goals.

  • How much you are currently making (current job) yearly
  • Decide on how much income you need from your business (cover expenses), yearly
  • How much you want to make to cover expenses and lifestyle- be realistic
  • Work out how many hours you need to work yearly, again be realistic. Don't forget holidays, sick leave and family leave

I hope this tutorial has help shed some light on budgeting for expenses and income.

I wish you all success!



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anjumshahlla Premium
Thank you for the useful tips.

Lots of love and prayers,
Shahlla
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YvonneBray Premium
Thank you for stopping by Shahlia
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Isaiah14 Premium
Very helpful and concise business plan to assist me in getting started 👍

Thanks Yvonne
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YvonneBray Premium
Thank you Isaish, I'm happy you have found it useful to help you plan your budget.
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Parameter Premium
Thank you for the highlights on business start-up cost. I really find this list helpful

Ayodeji
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YvonneBray Premium
Thank you Ayodeji for stopping by. I'm glad you find this sample of a budget-helpful and could help you at end of Tax time when you earn lots of money.
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