Create Your Own Business Start-Up Budget Template

A start-up budget is an itemized list of income and expenses for a new business. Which often covers the period up to commencing operations and perhaps a small amount of time after operations have commenced.

Creating a financial budget for a business is quite a complicated thing, as well as in a business start-up budget template. You must pay attention and ensure that the available funds can be used as well as possible to support the running of the business.

Funds are very crucial in a business, if there is a mistake then a business can be destroyed.


Some Reason Why You Need to Take a lot of Time and Think Carefully for Regular Budgeting:

  1. Your budgeting is your financial map. It helps you evaluate where your business finances currently stand and what you need to do to hit your financial goals in the future.
  2. Budgeting determining the best time to hire employees, buy equipment, and otherwise invest in your business.
  3. Helps you to avoid fundraising too early or over-borrowing.
  4. Can be estimating your break-even point and adjust variables as needed.
  5. Line up funds or negotiate with suppliers and lenders early and It can predicting cash shortfalls.
  6. Identifying retained earnings ahead of time and develop a plan for them.
  7. Can pinpoint extra cash to build your startup’s emergency fund.
  8. It can be generating accurate financial statements, like a balance sheet or income statement, to share with investors and lenders.
  9. Can identify where to cut spending or grow revenue.


Type of Business Start-Up Budget Template

Budgeting a business fund is like drawing and planning the future state of your business. Like planning, making a business budget for beginners can also be done for an annual period or a certain period. The following is an example of a business budget type:

1. One-Year Period

Sometimes it is also known as a short duration period. This type of budget is suitable to be applied to the type of business that is dynamic, always changing but not always predictable. It is necessary to have a budget that is flexible so that businesses can more easily adapt to existing changes and face any obstacles that may be faced.

This type of budget is also suitable for predicting daily, weekly, monthly, and even annual expenses because it is more detailed.

2. Long Duration Period

This type of budget is generally prepared for a period of more than 3 or 5 years. By applying this type you will find it easier to determine your business goals. Determining business goals at the beginning of preparing a budget is not an easy thing.

The goals you have to set don’t have to be detailed, you can just outline the overall goals for your business. For example, adjust to a picture of industry trends that are in line with your business at 3 or 5, study inflation and if necessary you can also take the time to find out investment trends to help your business economy.


Another article about Budgeting : Budget for college


Things to Consider for a Business Start-Up Budget Template

1. Account Your Income

When starting your small business budget you have to know how much money you bring in each month and where it form. Make sure to account for all of your income that flowing into your business. You can account for your income in a worksheet to make it easier.

2. Calculate Your Cost

While doing a business there is a cost that you have to pay. You have to determine your fixed cost and estimate your variable cost to monitor your business expense cash flow. These are the examples of start-up costs:

a. Fixed cost

These are all of your fixed expenses every month. The amount of this expense is relative to the same every month, whether or not your sales rise or fall. The example of start-up costs are:

  • Rental lease or mortgage payments
  • Utilities
  • Business insurance
  • Employee pay/benefits. (This category is semi-fixed, because you may be able to lower your employee costs at times.)

b. Variable cost

Variable costs are variables that can be increasing or decreasing your expenses according to your production and sales. So do not have a set monthly cost. When your revenue is increasing you should add funds for variable costs so that your business can continue to increase. But when your revenue decreases you need to cut costs on certain variables to reduce expenses until your income increases and stabilizes again.

The example of variable costs are:

  • Advertising, publicity, and promotion commitments, like social media or continuing online ads
  • Raw materials
  • Business income taxes
  • Packaging and shipping cost
  • Commissions on sales
  • Production cost

2. Calculate Your Monthly Revenue

Having a monthly production or revenue target is important to give you information about your business. By calculated them your budgeting will be realistic, considering that not all sales will be collected.

Depending on the type of business you have and the way customers pay, you might have a greater or smaller collections percentage. Calculating your revenue will be easier while using excel spreadsheet.

This data will be a piece of basic information while you want to improve and explore your business. When you sell a product, it is better for you to calculate and include your break-even point (BEP) value in your budget. This BEP value will give you a forecast of when you will start making a profit in each sale.

4. Review Your Business

You can review your business by analyzing your revenue, outcome, and your income. You can create a good strategy to improve and develop your business.

By review your business you also can understand what are obstacles you have and you can try to fix them earlier. You also have a strategy to overcome your obstacles in the future.

5. Balance Sheet Business Start-Up Budget Template


You can be financing your business by managing your finance through a balance sheet.

A balance sheet or sometimes called “statement of financial position” is a summary sheet about your business assets and liabilities at a specific time.

The balance sheet is calculated at specific points in time, such as at a business start-up budget template, at the end of each month, quarter, or year and at the end of the business. It will give you a snapshot of your financial business at any moment in your business cycle. You can use free template to help you create your balance sheet.

a. Assets

  • Current assets are any assets that can be easily converted into cash within one calendar year.

Example currents assets are cash (money), accounts receivable (This is money owed to the business for purchases made by customers, suppliers, and other vendors), notes receivable (Notes receivable: Notes receivable that are due within one year are current assets. Notes that cannot be collected on within one year should be considered long-term assets.)

  • Long-term assets include land, buildings, machinery, and vehicles that are used in connection with the business.
  • Total assets are the total of both current and long-term assets of your business

b. Liabilities and Owner’s Equity

This includes all debts and obligations.

  • Current liabilities are the total of all current liabilities owed to creditors that must be paid within a one-year time frame.
  • Long-term liabilities are any debts or obligations owed by the business that are due more than one year out from the current date.
  • Owners’ equity sometimes is referred to as stockholders’ equity
  • Common stock is stock issued as part of the initial or later-stage investment in the business.
  • Retained earnings are earnings reinvested in the business after the deduction of any distributions to shareholders, such as dividend payments
  • Total liabilities and owners’ equity are comprised of all debts and monies that are owed to outside creditors, vendors, or banks and the remaining monies that are owed to shareholders, including retained earnings reinvested in the Business start-up budget template.


Here is a free printable cost of a small business budget template. You can enter sample numbers into the spreadsheet to test the formulas.

free printable business start-up budget template




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