Opening and running a new business of any size is a task that requires a lot of fortitude, patience and dealing with unexpected costs. It is imperative that you create an annual budget with significant flexibility to prepare for these expenses. Here are four to consider.
It may not seem like an unexpected expense, but copy paper, copy machines, and copy repair Washington DC are a few things that must be included in an office budget. All businesses of any size will require a certain paper budget, plus preparation in the case of the printer or copier breaking down and needing repair.
Regular wear and tear should be expected during the life of an office or other business. To keep your business sanitary, you will probably need to hire a cleaning service to clean at least a couple of times a week. Of course, your employees should be expected to clean their personal work spaces, but a deeper clean of floors and other surfaces is necessary to maintain safe working conditions.
Yearly fumigation or other pest control services is another good idea to keep your office clean. It doesn’t take much for a kitchen to be overrun by ants, a wasp to make a nest in a corner, or a cockroach to climb through a pipe. There is very little that makes people uncomfortable than pests where they don’t belong, so budget for an inspection by a reputable company once a year to head off this issue.
Finally, make sure to budget for a team bonding event, even if it is just an annual party during the holiday season. The gesture will be much appreciated by your hardworking employees.
Unexpected business costs can quickly add up and cause financial problems, so think ahead and include some of these ideas in your annual budget.