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The Simplest Business Budget Template
Name
*
First
Last
Email
*
1. How long does Tara mention that it should take you to apply this budgeting method?
*
5 minutes/week
10 minutes/week
5 hours/week
30 minutes/year
2. What three types of bank accounts did Tara recommend for small business owners?
*
Credit Card, Personal Checking, Point of Sale System
Business Checking, Business Credit Card, and Personal Checking
Business Checking, Business Savings, and Personal Checking
Business Savings, Line of Credit, Personal Credit Card
3. Which account should all income from the business go through first?
*
Business Checking
Business Savings
Personal Checking
PayPal
4. What percentage of income did Tara suggest you should move to your business savings account?
*
10%
50%
20%
25%
5. Why did Tara suggest that you should set aside this amount in your business savings account?
*
Taxes & Emergency Fund
Spending Money & Rent Payment
Employee Pizza Party
Miscellaneous Expenses
6. What percentage of income did Tara suggest you should move to your personal checking account (although this is up to you)?
*
40% - 50%
0% - 5%
25% - 30%
90% - 100%
7. You should send all income from the business through your personal checking account.
*
True
False
8. What percentage of income did Tara suggest leaving in your business checking account to fund expenses and investing?
*
40% - 50%
30% - 40%
10% - 20%
30% - 60%
9. According to Tara, you will want to force yourself to keep expenses ___________?
*
Small
High
Consistent
All of the above
10. What are the two things Tara mentioned contractors should consider?
*
Materials & Subcontractors
Employee Wages & Commercial Vehicles
Time Required & Lunch Expenses
Certifications & Insurance