Step 2 Work out your business and household budget

​Working out your business outgoings

Filling in the Your business outgoings part of Your budget will help you identify all of the costs of running your business. At this stage, don’t include any debts, arrears or credit payments.

The Your business outgoings section in Your budget includes the following areas.

  • Fixed costs such as business rent and business rates.
  • Variable costs such as business utilities, business travel and business phone costs. 

What if I am not sure how much to include?

In this section, we give you hints and tips on:

  • how to work out the right amount to put in your business budget for your regular bills and payments;
  • how to work out the right amount to put in your business budget for any variable costs you might have; and
  • how you might be able to reduce some regular bills and payments.