Example of a small business budget Here’s an example of a small business budget that breaks down key financial categories, including revenue streams, fixed and variable costs, one-time expenses, and overall profit. This table provides a clear comparison between projected figures and actual performance, helping you identify variances and refine your financial planning. Use this as a template or reference to create a budget tailored to your business. Category
Projected(£)
Actual(£)
Variance (£)
Product Sales
20,000
19,500
-500
Service Income
10,000
10,200
200
Seasonal Revenue
5,000
4,800
-200
Total Revenue
35,000
34,500
-500
Rent/Lease
5,000
5,000
0
Utilities (e.g., Electricity, Water)
1,200
1,250
50
National Insurance
1,500
1,600
100
Insurance (e.g., Business, Property)
1,000
950
-50
Employee Salaries
8,000
8,100
100
Total Fixed Costs
16,700
16,900
200
Raw Materials
5,000
5,500
500
Marketing Costs
2,500
2,400
-100
Delivery/Shipping
1,200
1,250
50
Travel
1,000
900
-100
Total Variable Costs
9,700
10,050
350
Revenue Streams
FIXED COSTS
VARIABLE COSTS
Cont…
Parent article: How to create a small business budget.
1