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One thing people tend to forget when preparing a sample business budget is to incorporate all of the taxes and fees.For example, if you need to make a purchase for your business, don't forget to build any state or local sales tax into the cost.
Also, the difference between Costs and Expenses is significant.
Let’s look at a sample expense budget from the same bicycle business plan I used in the sales forecast section above (with middle columns cut out): All the numbers are educated guesses.
Garrett, the bicycle storeowner, knows the business.
If you're applying for loans to help you with business costs, a sample budget is usually required.
This type of budget can also be helpful in anticipating your business expenses for the year.