10 Nov '17, 1pm

Very important to know. Not a simple question.

Determine income sources — Figure out how much money you’re currently bringing in monthly and what you can route toward your new business idea. Determine fixed costs — Some costs will not change much from month to month. This is going to be the easiest part of the budget to figure out. Collect previous bank statements and look at your expenses. Determine fluctuating expenses — Business costs that don’t have a fixed price tag are called variable costs. You can scale your budgeting for this based on your monthly profit. That will be determined by your earnings after you’ve paid out all costs. Determine one-time expenses — Once you figure out the numbers in the previous steps, this one will be easy. How much do you have left over to cover costs, such as a computer replacement or the unexpected business for getting a new, high-profile customer?

Full article: https://www.godaddy.com/garage/how-much-does-hosting-cost...

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