How To Allocate Your Budget

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How To Allocate Your Budget
How To Allocate Your Budget

Video: How To Allocate Your Budget

Video: How To Allocate Your Budget
Video: How To Manage Your Money (50/30/20 Rule) 2024, December
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Everyone who opens his own business is interested in how to distribute the funds that he is going to invest, in other words, what should be the budget of his business. It all depends, of course, on the type of business and the amount of funds for it, but we will highlight those budget items that must be taken into account by everyone who starts their own business.

How to allocate your budget
How to allocate your budget

Instructions

Step 1

The business must be registered if you do not want to become a delinquent. Some business owners are in no hurry to register them, arguing that small businesses simply do not exist for tax and other government agencies. Perhaps this is so, but it's still better to play it safe. Moreover, the registration of an LLC or individual entrepreneur is not such a long and costly procedure. The state fee for the registration of an LLC is 4000 rubles, for the registration of an individual entrepreneur - 800 rubles. Notary fees (certification of signatures, copies of documents, etc.) will cost 1000-2000 rubles. The authorized capital of an LLC can be contributed not only in the form of money, but also in the form of property (for example, office equipment). Currently, it should be equal to 1000 rubles (or the value of the property being contributed should be equivalent to this amount). If you intend to entrust your registration to a specialized company, then the cost of its services starts on average from 7,000 rubles. By paying the company, you will save your time.

Step 2

If you are engaged in activities that are subject to licensing (for example, the sale of alcohol), then you need to obtain a license. The amount of the license fee for the sale of alcohol depends on certain factors, for example, on whether the sale of alcohol will be carried out locally or “to go”, and on the number of trade objects. It starts at RUB 30,000.

Step 3

You will also need to rent space for your business. Renting offices and retail space in Moscow is quite expensive, and the amount of rent varies greatly depending on the area (in the center and in the elite areas, rent is much more expensive). The rental rate for one square meter per year in high-class business centers starts from $ 1000. Rental rates for retail space vary widely, and can start as low as $ 500 per year, but usually cheap retail space is very poorly located.

Step 4

The next item that must be foreseen when allocating the budget is the salary of the staff. Of course, it depends primarily on your capabilities, but also on the labor market. It hardly makes sense to pay an employee "below the market" - money still remains our main motivating factor. Those. for a low salary, an employee is unlikely to work with dignity. If at the moment you cannot allocate a sufficient amount from your budget to pay employees, think about which positions in the company can be combined and which employees can be hired for specific projects, so that they are paid only for the implementation of a specific project. For example, a secretary at first may perform the functions of an office manager and even a personnel manager. You can hire lawyers on a project-by-project basis.

Step 5

Advertising costs should play an important role in your budget. It is unlikely that business promotion is currently possible without it. The most inexpensive advertising is online advertising. This is search engine optimization (promotion of the company's website in the top ten responses when requesting a relevant topic), and contextual advertising (ads), and promotion in blogs and social networks. You can promote a site to the top of Yandex or Google for about 7,000-12,000 rubles, a little more is the placement of contextual advertising.

Step 6

For example, let's try to distribute the budget of a small shoe store:

1. registration of an LLC through a company, state fees and notary costs: 7000 + 4000 + 2000 = 13000 rubles.

2. You do not need a license.

3. rent of premises (approximately): 30 sq. M. Multiplied by $ 800 per year per square meter. We receive $ 24,000 per year.

4. You will need at least one sales assistant and cashier. An accountant can be brought in from time to time. The average salary of a sales assistant in a small store is up to 25,000 rubles, part of the salary may be charged depending on the volume of sales. The cashier will cost you 20,000 rubles a month.

5. advertising - from 20,000 rubles.

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