How to Write a Budget for a Business Proposal

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A proposal is usually put together for an upcoming project, and a basic budget is the income and expenses that are placed into a spreadsheet. Line out possible expenses in a business proposal's budget with help from an experienced businessman in this free video on planning a business.

Part of the Video Series: Business Plans
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Video Transcript

Hi my name is John Niemira and I wanted to talk to you briefly today about writing a budget for a business proposal. The budget is your income and your expense section for this proposal or for this plan. Now a proposal is usually put together for a project that you have coming up or that you're proposing to work on for somebody. It may be considered an estimate or the costs that will be incurred for this project. So basic budget for a proposal like this is the income and the expenses spread out into a spreadsheet usually at least a two column spreadsheet with separate line items and what you want to put on those line items is exactly what you're going to use for expenses and what you're predicting for incomes. Line by line, line out each possible expense for each one of your items that you're going to use for your proposal and on the income side of it, what is the potential for income on it? Bottom of it's going to give you a balance sheet. If you need anymore information on this subject or any other subject in the business field, my e-mail address is jniemira@gmail.com.

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