Prepare a year one budget cash flow based on your answers in Question $3$ and upload the file.

Hint: Excel has a great template available $$Small business cash flow forecast$$ which will allow you to enter the expenses you had identified in Question $3$ and their probable costs associated. Refer to steps set out in Learning Material on how to access this template.

Question $3-$ answer

$1.$ Payments for office or retail space leased or rented

$2.$ Utilities $($such as internet, water, and power$).$

$3.$ Premiums for insurance $($property$,$ professional liability, general liability, etc.$)$

$4.$ Pay and benefits for employees

$5.$ Equipment and supplies for offices

$6.$ Costs associated with marketing and advertising

$7.$ Accounting and legal costs

$8.$ Software licensing and IT infrastructure

$9.$ Costs associated with inventory or raw materials

$10.$ Upkeep and fixes for facilities and equipment

$11.$ Expenses for travel and lodging

$12.$ Permit or licensing costs

$13.$ Professional associations or memberships

$14.$ Expenses for research and development

$15.$ Repayment of loans or interest

$16.$ Taxes: sales tax, property tax, income tax, and so forth

$17.$ Employee training and development initiatives

$18.$ Costs associated with packaging and delivery

$19.$ Programs for acquiring and keeping customers

$20.$ Asset depreciation

$1.$ Sales of products: Provided that buyers pay at the time of purchase, revenue may be earned right away.

$2.$ Service fees: Based on billing cycles, revenue can be received at regular intervals or upon completion of services.

$3.$ Subscriptions: Based on subscription arrangements, income is produced on a regular basis, such as monthly or annually.

$4.$ Advertising: Partnerships for advertising may generate income; payments may be made on a monthly, quarterly, or yearly basis.

$5.$ Licensing or royalty fees: Income may be obtained in accordance with the conditions of licensing contracts; royalties may be paid on a regular basis or in one lump sum.

$6.$ Commissions: When sales are generated through affiliate agreements or programs, revenue is received.

$7.$ Rental revenue: Tenants or lessees may provide a monthly source of income.

$8.$ Consulting fees: Payment is received at the conclusion of projects or at predetermined checkpoints.