Determining a Budget

Having a budget is important. You will need to know EXACTLY how much money is coming in and how much will be going out. Understanding revenue and expenses is vital to running a successful business. Since your business is not up and running just yet, you will be calculating your expenses that will be incurred in order to start your business. This means, when thinking about your campaign budget, you will want to add up all of the expenses you think you may have. Backers will want to see why you asked for the money that you did and where the money will go.

This may seem fairly simple, but it can get complicated quickly. For some quick tips and an easy to fill-in template, check out this Lemonade Stand Budget Example.

Next: Schedule

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