{"id":29639,"date":"2019-07-30T09:37:36","date_gmt":"2019-07-30T01:37:36","guid":{"rendered":"https:\/\/zegal.com\/?p=29639"},"modified":"2022-08-30T14:56:09","modified_gmt":"2022-08-30T06:56:09","slug":"how-to-set-up-and-maintain-a-budget-for-your-retail-business","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/","title":{"rendered":"How to Set Up and Maintain a Budget for Your Retail Business"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-29704\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-1024x683.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-300x200.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-768x512.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-640x427.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-1200x800.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/p>\n<p id=\"E57\"><span id=\"E58\">One of the wisest things a business owner can do is to make sure the business operates on a well-planned budget. Creating a budget is essential to ensuring the long-term success of any business, as well as guiding a company through its day-to-day decision making process. A good budget is like a roadmap that charts the course for a business as it grows. Of course, every business is different, so there is no single best method for creating a budget that applies to all retail businesses. But that being said, there are some important points that retail business owners should keep in mind as they go about creating and maintaining their retail business budget.<\/span><\/p>\n<h4 id=\"E59\" class=\"qowt-stl-Heading2\"><span id=\"E62\">Identify Your Revenue Sources<\/span><\/h4>\n<p id=\"E63\"><span id=\"E64\">One of the first steps to creating a solid budget is identifying how much revenue your business generates every month. Depending on your business model, there may be multiple different revenue streams. You may be selling products at a brick-and-mortar storefront, online, or both. Maybe you have some customers who are on a monthly subscription service. Or maybe you have income from other sources like:<\/span><span id=\"E67\" class=\"qowt-font2-TimesNewRoman\"> <\/span><a id=\"E68\" contenteditable=\"false\" href=\"https:\/\/www.leadsmarket.com\/installment-loan-leads\" target=\"_blank\" rel=\"noopener noreferrer\"><span id=\"E69\" class=\"qowt-font2-TimesNewRoman\"> <\/span><\/a><\/p>\n<p id=\"E65\"><span id=\"E66\">\u25cf<\/span><span id=\"E67\" class=\"qowt-font2-TimesNewRoman\"><\/span><span id=\"E69\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E70\"><\/span><a href=\"https:\/\/www.leadsmarket.com\/installment-loan-leads\"><span id=\"E74\">Loan leads<\/span><\/a><\/p>\n<p id=\"E75\"><span id=\"E76\"><\/span><span id=\"E78\">\u25cf<\/span><span id=\"E79\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E80\">Grants<\/span><\/p>\n<p id=\"E81\"><span id=\"E82\">\u25cf<\/span><span id=\"E83\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E84\">Investors<\/span><\/p>\n<p id=\"E87\"><span id=\"E88\">The starting point for a budget often comes from understanding how much money a business makes each month. Once you know how much income your business is making, you\u2019ll be able to craft a budget that can help you reach your company\u2019s goals.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-29698\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1024x683.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-300x200.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-768x512.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-640x427.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1200x800.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/p>\n<h4 id=\"E89\" class=\"qowt-stl-Heading2\"><span id=\"E92\">Calculate Regular Overhead Costs<\/span><\/h4>\n<p id=\"E93\"><span id=\"E94\">Once you\u2019ve identified how much revenue your business is pulling in, the next logical step is to figure out the fixed costs of running the business. These costs include things like building rent, utility bills, payroll expenses, and other costs that are recurring each month. Similar to understanding your regular monthly income, it\u2019s vital to know how much money is flowing out of the business each month. Like your income, your costs may fluctuate over time, but making a list of which costs you expect to pay each month will give you a better idea of where your business stands and where the money is already going. For retail businesses, this is especially important, since there will almost certainly be a cost for every unit of product you make, such as:<\/span><\/p>\n<p id=\"E95\"><span id=\"E96\">\u25cf<\/span><span id=\"E97\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E98\">Manufacturing<\/span><\/p>\n<p id=\"E99\"><span id=\"E100\">\u25cf<\/span><span id=\"E101\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E102\">Shipping<\/span><\/p>\n<p id=\"E103\"><span id=\"E104\">\u25cf<\/span><span id=\"E105\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E106\">Processing<\/span><\/p>\n<p>Knowing how much is spent on each stage of your operation will help you have a fuller understanding of your company\u2019s budgetary needs.<\/p>\n<h4 id=\"E109\" class=\"qowt-stl-Heading2\"><span id=\"E112\">Analyse the Data Available to You<\/span><\/h4>\n<p id=\"E113\"><span id=\"E114\">With the tools available today, most businesses have access to large amounts of data that can help inform budgetary decisions. With modern tracking software, savvy businesses can keep a close eye on exactly which areas generate the most revenue, and which require the most cost. Identifying the most profitable areas of your business can help you figure out where you need to focus your efforts. Regularly looking at your company\u2019s data will also ensure that things don\u2019t slip through the cracks.<\/span><\/p>\n<h4 id=\"E115\" class=\"qowt-stl-Heading2\"><span id=\"E118\">Try to Predict Future Costs<\/span><\/h4>\n<p id=\"E119\"><span id=\"E120\">Beyond the regular day-to-day costs of doing business and planned expenses like product cost and shipping, there may be some future expenses down the road for your business that you can plan for ahead of time. For example, if you know you plan on hiring more employees in the future, it\u2019s important to include that in the company budget. If your business plans on upgrading to a larger office space, purchasing new equipment, or spending big on a particular ad campaign, even if these are one-time costs, they will affect your company\u2019s bottom line, so they need to be accounted for.<\/span><\/p>\n<h4 id=\"E121\" class=\"qowt-stl-Heading2\"><span id=\"E124\">Consider any Relevant Trends<\/span><\/h4>\n<p id=\"E125\"><span id=\"E126\">Another important thing to keep in mind as you lay out your company\u2019s budget for the future is notable trends in the industry and the business world at large. There may be some areas in which your company will want to invest some additional resources, and there may be other areas in which you\u2019d be wise to pull back on spending. For example,<\/span><a id=\"E127\" contenteditable=\"false\" href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/the-best-2019-digital-marketing-trends-plus-the-top-25-digital-marketing-agencies-to-implement-them-1027903897\" target=\"_blank\" rel=\"noopener noreferrer\"><span id=\"E128\"> <\/span><\/a><a id=\"E129\" contenteditable=\"false\" href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/the-best-2019-digital-marketing-trends-plus-the-top-25-digital-marketing-agencies-to-implement-them-1027903897\" target=\"_blank\" rel=\"noopener noreferrer\"><span id=\"E130\">digital marketing has changed dramatically<\/span><\/a><span id=\"E131\"> in recent years, and many successful companies are using this to their advantage by spending more resources on social media and other digital marketing efforts. If you own a retail business that sells multiple products, perhaps popularity for one product is growing while another is fading. These types of trends can impact the future of your company, and you would be wise to reflect those trends in your company budget.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-29698\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1024x683.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-300x200.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-768x512.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-640x427.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1200x800.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/artificial-photography-vB5qtt8X4NA-unsplash-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/p>\n<h4 id=\"E132\" class=\"qowt-stl-Heading2\"><span id=\"E135\">Identify Your Current Goals<\/span><\/h4>\n<p id=\"E136\"><span id=\"E137\">Depending on what stage your company is in, you may have different goals for the near future, and these are important factors in crafting any business budget.<\/span><\/p>\n<p id=\"E138\"><span id=\"E139\">\u25cf<\/span><span id=\"E140\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E141\">If your business is still fairly young and looking for fast growth, you\u2019ll want to focus on areas that generate revenue quickly.<\/span><\/p>\n<p id=\"E142\"><span id=\"E143\">\u25cf<\/span><span id=\"E144\" class=\"qowt-font2-TimesNewRoman\"> <\/span><span id=\"E145\">If your company is already going strong, and you\u2019re looking for steadier growth or simply to maintain your current levels, then you may be more interested in<\/span><a id=\"E146\" contenteditable=\"false\" href=\"https:\/\/www.forbes.com\/sites\/jaysondemers\/2017\/12\/04\/whats-the-best-long-term-online-marketing-strategy\/#2042845a688d\" target=\"_blank\" rel=\"noopener noreferrer\"><span id=\"E147\"> <\/span><\/a><a id=\"E148\" contenteditable=\"false\" href=\"https:\/\/www.forbes.com\/sites\/jaysondemers\/2017\/12\/04\/whats-the-best-long-term-online-marketing-strategy\/#2042845a688d\" target=\"_blank\" rel=\"noopener noreferrer\"><span id=\"E149\">long-term marketing strategies<\/span><\/a><span id=\"E150\"> that don\u2019t pay immediate cash returns but can improve brand recognition.<\/span><\/p>\n<p id=\"E153\"><span id=\"E154\">Knowing what stage your company is in and what the next steps and goals are for the business will be critical when figuring out the budget. Again, every business is different. <\/span><\/p>\n<p>Startup companies whose funds come from angel investors may be in a completely different place than an established retail business with multiple locations or outlets. Take stock of where your business is and what you\u2019re hoping to accomplish in the next year or next quarter. Make sure your budget is aligned with these goals, so you can be confident that your business plan is moving the company in the right direction.<\/p>\n<p id=\"E159\"><span id=\"E160\">Every business is unique. There is no set formula for creating a budget that will apply to every single retail business. Setting up and maintaining an effective retail business budget requires thinking about the business in multiple different ways. You need to accurately understand where the business is in the present, but also you need to do your best to predict where the business will be in the future. The worst thing you can do is to budget your business with no margin for error. The truth is, unexpected expenses will come up. It\u2019s a fact of business life. So make sure to leave yourself some wiggle room for bumps that may appear along the way. If you use all the resources at your disposal and think critically, you can create a strong budget plan that will guide your business to success.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center;\"><b><i>This article does not constitute legal advice.<\/i><\/b><\/p>\n<p class=\"p2\" style=\"text-align: center;\"><i>The opinions expressed in the column above represent the author\u2019s own.<\/i><\/p>\n<p class=\"p3\" style=\"text-align: center;\"><span class=\"s1\"><a href=\"https:\/\/register.zegal.com\/\"><b>Start managing your legal needs with Zegal today<\/b><\/a><\/span><\/p>\n<p id=\"E163\"><em><span id=\"E164\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-29718 size-thumbnail alignleft\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/LukeLoftin-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\"><\/span><\/em><\/p>\n<p><em><span id=\"E164\">Luke Loftin is a writer and editor based out of Los Angeles. He specialises in finance, as well as health and wellness. In his free time, he enjoys watching Astros baseball. You can find him on <\/span><\/em><a id=\"E165\" contenteditable=\"false\" href=\"https:\/\/www.linkedin.com\/in\/luke-loftin-402958109\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span id=\"E166\">LinkedIn<\/span><\/a><em><span id=\"E167\">.<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/zegal.com\/blog\/post\/tools-expanding-business-new-markets\/\">READ MORE: The 5 Key Features of a Good Incentive Plan<\/a><\/p>\n<p><a href=\"https:\/\/zegal.com\/blog\/post\/key-financial-mistakes-business\/\">READ MORE: Key Financial Mistakes To Avoid When Starting Your First Business<\/a><\/p>\n<p class=\"p3\"><a href=\"https:\/\/zegal.com\/blog\/post\/tools-expanding-business-new-markets\/\">READ MORE: Tools For Expanding Your Business Into New Markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the wisest things a business owner can do is to make sure the business operates on a well-planned budget. Creating a budget is essential to ensuring the long-term success of any business, as well as guiding a company through its day-to-day decision making process. A good budget is like a roadmap that charts [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":29704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":4,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"categories":[50],"tags":[6403,7013,10307],"usecases":[13712],"businesstypes":[13694],"country":[],"class_list":["post-29639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cash-flow","tag-finance","tag-start-up","tag-z-syndicate","usecases-sell-products","businesstypes-consulting-zone"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Set Up and Maintain a Budget for Your Retail Business<\/title>\n<meta name=\"description\" content=\"To help your business run smoothly, a budget that you stick to is imperative to avoid future problems. Here&#039;s some tips that are simple to implement\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/posts\/29639\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Set Up and Maintain a Budget for Your Retail Business\" \/>\n<meta property=\"og:description\" content=\"To help your business run smoothly, a budget that you stick to is imperative to avoid future problems. Here&#039;s some tips that are simple to implement\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Zegal Hong Kong\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/getzegal\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-30T01:37:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-30T06:56:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"5184\" \/>\n\t<meta property=\"og:image:height\" content=\"3456\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Luke Loftin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@getzegal\" \/>\n<meta name=\"twitter:site\" content=\"@getzegal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Luke Loftin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/\"},\"author\":{\"name\":\"Luke Loftin\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#\\\/schema\\\/person\\\/efae1dc58fff9c3ddf53e390ed2d3a73\"},\"headline\":\"How to Set Up and Maintain a Budget for Your Retail Business\",\"datePublished\":\"2019-07-30T01:37:36+00:00\",\"dateModified\":\"2022-08-30T06:56:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/\"},\"wordCount\":1190,\"publisher\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/zegal.com\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg\",\"keywords\":[\"finance\",\"start up\",\"z-syndicate\"],\"articleSection\":[\"( Cash Flow )\"],\"inLanguage\":\"en-HK\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/\",\"url\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/\",\"name\":\"How to Set Up and Maintain a Budget for Your Retail Business\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/zegal.com\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg\",\"datePublished\":\"2019-07-30T01:37:36+00:00\",\"dateModified\":\"2022-08-30T06:56:09+00:00\",\"description\":\"To help your business run smoothly, a budget that you stick to is imperative to avoid future problems. Here's some tips that are simple to implement\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#breadcrumb\"},\"inLanguage\":\"en-HK\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-HK\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#primaryimage\",\"url\":\"https:\\\/\\\/zegal.com\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/zegal.com\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg\",\"width\":5184,\"height\":3456},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Legal Templates\",\"item\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/all-docs\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Consulting\",\"item\":\"https:\\\/\\\/zegal.com\\\/business-type\\\/consulting-zone\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How to Set Up and Maintain a Budget for Your Retail Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#website\",\"url\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/\",\"name\":\"Zegal Hong Kong\",\"description\":\"Need legal? Click Zegal.\",\"publisher\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-HK\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#organization\",\"name\":\"Zegal Hong Kong\",\"url\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-HK\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/zegal.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/zegal-logo-white.png\",\"contentUrl\":\"https:\\\/\\\/zegal.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/zegal-logo-white.png\",\"width\":200,\"height\":69,\"caption\":\"Zegal Hong Kong\"},\"image\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/getzegal\\\/\",\"https:\\\/\\\/x.com\\\/getzegal\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/getzegal\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@legalzegal\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/#\\\/schema\\\/person\\\/efae1dc58fff9c3ddf53e390ed2d3a73\",\"name\":\"Luke Loftin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-HK\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b803a2c79e155243066952ae4f115d7c9e147f7c2f1bcc7128ce6e7dcc11b748?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b803a2c79e155243066952ae4f115d7c9e147f7c2f1bcc7128ce6e7dcc11b748?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b803a2c79e155243066952ae4f115d7c9e147f7c2f1bcc7128ce6e7dcc11b748?s=96&d=mm&r=g\",\"caption\":\"Luke Loftin\"},\"url\":\"https:\\\/\\\/zegal.com\\\/en-hk\\\/blog\\\/post\\\/author\\\/luke-loftin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How to Set Up and Maintain a Budget for Your Retail Business","description":"To help your business run smoothly, a budget that you stick to is imperative to avoid future problems. Here's some tips that are simple to implement","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/posts\/29639\/","og_locale":"en_US","og_type":"article","og_title":"How to Set Up and Maintain a Budget for Your Retail Business","og_description":"To help your business run smoothly, a budget that you stick to is imperative to avoid future problems. Here's some tips that are simple to implement","og_url":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/","og_site_name":"Zegal Hong Kong","article_publisher":"https:\/\/www.facebook.com\/getzegal\/","article_published_time":"2019-07-30T01:37:36+00:00","article_modified_time":"2022-08-30T06:56:09+00:00","og_image":[{"width":5184,"height":3456,"url":"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg","type":"image\/jpeg"}],"author":"Luke Loftin","twitter_card":"summary_large_image","twitter_creator":"@getzegal","twitter_site":"@getzegal","twitter_misc":{"Written by":"Luke Loftin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#article","isPartOf":{"@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/"},"author":{"name":"Luke Loftin","@id":"https:\/\/zegal.com\/en-hk\/#\/schema\/person\/efae1dc58fff9c3ddf53e390ed2d3a73"},"headline":"How to Set Up and Maintain a Budget for Your Retail Business","datePublished":"2019-07-30T01:37:36+00:00","dateModified":"2022-08-30T06:56:09+00:00","mainEntityOfPage":{"@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/"},"wordCount":1190,"publisher":{"@id":"https:\/\/zegal.com\/en-hk\/#organization"},"image":{"@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#primaryimage"},"thumbnailUrl":"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg","keywords":["finance","start up","z-syndicate"],"articleSection":["( Cash Flow )"],"inLanguage":"en-HK"},{"@type":"WebPage","@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/","url":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/","name":"How to Set Up and Maintain a Budget for Your Retail Business","isPartOf":{"@id":"https:\/\/zegal.com\/en-hk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#primaryimage"},"image":{"@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#primaryimage"},"thumbnailUrl":"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg","datePublished":"2019-07-30T01:37:36+00:00","dateModified":"2022-08-30T06:56:09+00:00","description":"To help your business run smoothly, a budget that you stick to is imperative to avoid future problems. Here's some tips that are simple to implement","breadcrumb":{"@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#breadcrumb"},"inLanguage":"en-HK","potentialAction":[{"@type":"ReadAction","target":["https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-HK","@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#primaryimage","url":"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg","contentUrl":"https:\/\/zegal.com\/wp-content\/uploads\/2019\/07\/fabian-blank-pElSkGRA2NU-unsplash-scaled.jpg","width":5184,"height":3456},{"@type":"BreadcrumbList","@id":"https:\/\/zegal.com\/en-hk\/blog\/post\/how-to-set-up-and-maintain-a-budget-for-your-retail-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Legal Templates","item":"https:\/\/zegal.com\/en-hk\/all-docs\/"},{"@type":"ListItem","position":2,"name":"Consulting","item":"https:\/\/zegal.com\/business-type\/consulting-zone\/"},{"@type":"ListItem","position":3,"name":"How to Set Up and Maintain a Budget for Your Retail Business"}]},{"@type":"WebSite","@id":"https:\/\/zegal.com\/en-hk\/#website","url":"https:\/\/zegal.com\/en-hk\/","name":"Zegal Hong Kong","description":"Need legal? Click Zegal.","publisher":{"@id":"https:\/\/zegal.com\/en-hk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/zegal.com\/en-hk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-HK"},{"@type":"Organization","@id":"https:\/\/zegal.com\/en-hk\/#organization","name":"Zegal Hong Kong","url":"https:\/\/zegal.com\/en-hk\/","logo":{"@type":"ImageObject","inLanguage":"en-HK","@id":"https:\/\/zegal.com\/en-hk\/#\/schema\/logo\/image\/","url":"https:\/\/zegal.com\/wp-content\/uploads\/2021\/11\/zegal-logo-white.png","contentUrl":"https:\/\/zegal.com\/wp-content\/uploads\/2021\/11\/zegal-logo-white.png","width":200,"height":69,"caption":"Zegal Hong Kong"},"image":{"@id":"https:\/\/zegal.com\/en-hk\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/getzegal\/","https:\/\/x.com\/getzegal","https:\/\/www.linkedin.com\/company\/getzegal\/","https:\/\/www.youtube.com\/@legalzegal"]},{"@type":"Person","@id":"https:\/\/zegal.com\/en-hk\/#\/schema\/person\/efae1dc58fff9c3ddf53e390ed2d3a73","name":"Luke Loftin","image":{"@type":"ImageObject","inLanguage":"en-HK","@id":"https:\/\/secure.gravatar.com\/avatar\/b803a2c79e155243066952ae4f115d7c9e147f7c2f1bcc7128ce6e7dcc11b748?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b803a2c79e155243066952ae4f115d7c9e147f7c2f1bcc7128ce6e7dcc11b748?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b803a2c79e155243066952ae4f115d7c9e147f7c2f1bcc7128ce6e7dcc11b748?s=96&d=mm&r=g","caption":"Luke Loftin"},"url":"https:\/\/zegal.com\/en-hk\/blog\/post\/author\/luke-loftin\/"}]}},"_links":{"self":[{"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/posts\/29639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/comments?post=29639"}],"version-history":[{"count":0,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/posts\/29639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/media\/29704"}],"wp:attachment":[{"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/media?parent=29639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/categories?post=29639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/tags?post=29639"},{"taxonomy":"usecases","embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/usecases?post=29639"},{"taxonomy":"businesstypes","embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/businesstypes?post=29639"},{"taxonomy":"country","embeddable":true,"href":"https:\/\/zegal.com\/en-hk\/wp-json\/wp\/v2\/country?post=29639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}