HOW TO PLAN FOR BUSINESS EXPENSES

I find the best way to plan for your business’ expenses is to plan for your workflows first.

Start by listing out:

1. What are all the tasks that you’re going to complete.
2. What tools do you need to complete those tasks.
3. What is the cost of your time and those tools?

Let me show you an example of how you can plan the cost of a workflow.

WORKFLOW & TASKS

This is the workflow of writing an email:

Open email —> Type Email —> Send Email
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Tools:

• Laptop
• Internet
• G-Suite

Costs:

• Laptop - $750
• Internet - $60/month
• Email - Free

So you’ve mapped out the cost of one of your workflows what's next?

Next thing you’re going to do is:

1. List all of your workflows.
2. Assess the cost of each workflow.
3. List all the costs in one place (try using a spreadsheet)
4. Remove duplicated costs.

Now you know how much your business costs based on how YOU want to operate it.