You’re starting a new creative business and you’ve got all the feels. You’re excited about the possibility that your art, music, designs, or creative work might impact more people. You’re eager to jump in and start making money from your art. And you’re worried about how much it’s going to cost and if you have enough money to cover your startup expenses.
If this sounds like you, you need a startup budget. A startup budget helps you plan your startup expenses, prioritize what’s most important, and keeps your spending on track. So you can spend less time worrying about money and more time being creative.
Not all budgets are created equally, which is why it’s essential to understand the difference between an operational budget and a startup budget.
An operational budget is a plan for how you’ll allocate the money you earn from your creative work. It’s based...