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Summary

Dealing with home business financing can seem like a never ending, dizzying array of duties to perform and details to track. But, as you learned in this chapter, these details are very important. Assessing how much money you realistically can expect to make in your business and comparing that to your projected expenses tells you whether you can pay your bills, whether your business is growing, and even whether your business is worth continuing.

Just remember that your budget is never “complete.” You are always gaining new information. As you read through the rest of this book, your budget will probably change significantly—you'll remember an expense you didn't consider, or increase the budgeted amount for a particular item based on additional information.


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