Friday, 18 December 2015

PAB- 13/11/15- Budgeting

13/11/15- Budgeting
My 10 key budget-making tips:
  • Be realistic in your estimates, over-estimate expenditure and under-estimate profits. 
  • Spend on necessities first.
  • Always have a contingency of at least 10%.
  • Don't spend too much on less important items try get them cheap or second hand.
  • Negotiate prices.
  • Try to get sponsors or donations though publicity deals, adverts, the council or the public.
  • Call in favours from friends.
  • Be imaginative about creating extra income.
In this lesson I then started creating my budget form for my final presentation.

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