Unexpected Costs

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What haven't you considered? It is tempting to think you can budget for everything up front and include every cost you can conceive you will incur. However, experience shows that you should expect the unexpected, so you may choose to add in a percentage or a fixed sum.

The advantage of including a provision is that you will have the funds available if something unexpected arises while if all goes according to plan, you will have surplus funds which is always an advantage in the early days of the development of the business.

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