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Budgeting for your business/brand

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To budget for your business/brand, create a list of everything you need to make it a success, research prices, and then add everything up. Table 2-1 contains a list of items to get you started. Depending on the business/brand you’re creating, you may need to add to the list or cross off some items. When you have a comprehensive list, research the cost for each item/service (on the web or by calling around), and write the estimated cost in the right column.

TABLE 2-1 Business/brand budget

Item Cost
Legal fees (for incorporation, registration, licenses, and intellectual-property protections)
Accounting fees (if you plan to hire an accountant)
Brand design (logo and graphics)
Website/blog (design, build, and host)
Marketing/advertising (online ads)
Materials/equipment/supplies
Manufacturing/product sourcing (if you’ll be selling an original product)
Staff (if you’re planning to hire people)
Rent (for a bricks-and-mortar business or retail store)
Launching & Building a Brand For Dummies

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