How to set a business budget in Cambodia
Business without planning is the same as travelling a new place without a map.
So how do we actually make the budget?
Here are some tips for you!
Firstly, target your revenue. The easiest way is to calculate how much you sell your product or service to one customer.
Then you can figure out the monthly revenue and annual revenue.
Secondly, estimate costs.
How much does one product or service cost to buy or develop?
How many staff do you hire and how much salary do you pay?
Don’t forget to include small expenses such as office supply, phone topup and so on.