Your Personal Survival Budget
Before you progress to writing up your first draft Business Plan, it is worth considering your personal financial needs. There is little point in going in to business and not making enough money to make it worthwhile, so whether you are frugal or aiming for a “jet set” lifestyle, it is worth assessing you personal financial needs.
You might find it useful to download and complete our Personal Survival Budget (Excel Spreadsheet) .
Take some time to gather the figures you need and complete the sheet before you begin Step 4 and begin to draft the Business Plan.
We will look in a lot of detail at the other factors as we progress with the process.
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