Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What Steps are required in Budgeting for Start ups?

The Best way is Zero-Based Budgeting. Is cost saving is option during initial business phase.

user-image
Question added by Rashid Mehmood FCCA , Finance Manager , Al Ghaith Industries
Date Posted: 2014/06/18
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Every business will have different sets of costs depending on their industry, but generally, these six categories are a good place to start if you’re in the early stages of planning:

  1. Administrative

  2. Technology considerations

  3. Professional fees

  4. Marketing and/or sales

  5. Wages/benefits

  6. Cost of sales

 

Mubashir Shahzad
by Mubashir Shahzad , Oracle Functional Consultant/ERP Business Analyst , Jaffer Business System

in initail phase it might be necessary to inject finance into business and incurrs expesnes, so a cost saving strategy might not beneficail at the start.

 

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.