A budget is like a roadmap for your business — it provides an overview of what you will be spending and making over a future time period. A proper budget will include educated estimates as to what you will make (revenues), and a precise plan for your spending. Following your budget successfully can ensure your business is profitable and achieves its goals.  For example, assume your business is planning for next year. A budget will outline your estimated revenues, and then include a plan for expenses that is less than those revenues, so that you can earn a profit. A balanced budget means your revenues are equal to your expenses. A surplus means your revenues exceed expenses, and a deficit means expenses exceed revenues. As a business, your budget should always strive to be in a surplus state. A well-formed budget is essential to the success of your business because it allows you to match what you spend to what you earn. Without a clear plan for your spending, it is very easy to outspend your revenues over time, which can lead to losses, increases in debt, and the potential closure of your business.  A budget should guide every single business expenditure. For example, if you realize midway through a year that your business desperately needs updated computers, you can consult your budget to see how much estimated surplus revenue you will generate for the remainder of the year. You can then explore costs for computer upgrades and see if that fits within the surplus figure while allowing you to earn a profit, or alternatively, if you have the additional revenue to support taking out a loan for the computers. A budget can also help you see if you are spending too much, and need to make cuts midway through the year. There are three basic components to a business budget, according to the Small Business Administration. These are sales (also known as revenues), total costs/expenses, and profits.   Sales: Sales refer to how much total money your business brings in from all sources. A budget will involve an estimate or forecast of your future sales.  Total costs: Total costs are what it costs your business to generate your sales. These include fixed costs (like rent), variable costs (like materials used to make your products), and semi-variable costs (like salaries).  Profits: Profits are equal to revenues minus total costs. Since profit is the goal of business, your budget should include expenses that are low enough to earn you a decent return on your investment.
تآلف مع الميزانيات. تعلم لم تُعد الميزانية أمر ضروري. تآلف مع كل عنصر من عناصر الميزانية.