One of the most important steps for small companies is the budgeting – get this wrong and it could easily destroy your pool of money for launching your product. In my instance I am going to be creating a budget for one whole year of solid 9-5, 5 days a week workload and the money needed to keep a float. Costs of office space, equipment, software and stationary amongst other things.
You can see my budget by downloading the table below:
In total it would cost over £36,000 to run ‘studentconnected’ for an entire year from start to a finished product that is ruthlessly maintained to offer the best service to the UK’s universities.