Resources Online Training The Simplest Business Budget Template Name* First Last Email* 1. How long does Tara mention that it should take you to apply this budgeting method?* 5 minutes/week 10 minutes/week 5 hours/week 30 minutes/year 2. What three types of bank accounts did Tara recommend for small business owners?* Credit Card, Personal Checking, Point of Sale System Business Checking, Business Savings, and Personal Checking Business Savings, Line of Credit, Personal Credit Card Business Checking, Business Credit Card, and Personal Checking 3. Which account should all income from the business go through first?* Personal Checking Business Checking Business Savings PayPal 4. What percentage of income did Tara suggest you should move to your business savings account?* 10% 25% 20% 50% 5. Why did Tara suggest that you should set aside this amount in your business savings account?* Spending Money & Rent Payment Taxes & Emergency Fund Employee Pizza Party Miscellaneous Expenses 6. What percentage of income did Tara suggest you should move to your personal checking account (although this is up to you)?* 90% - 100% 40% - 50% 0% - 5% 25% - 30% 7. You should send all income from the business through your personal checking account.* True False 8. What percentage of income did Tara suggest leaving in your business checking account to fund expenses and investing?* 40% - 50% 10% - 20% 30% - 60% 30% - 40% 9. According to Tara, you will want to force yourself to keep expenses ___________?* Small High Consistent All of the above 10. What are the two things Tara mentioned contractors should consider?* Certifications & Insurance Employee Wages & Commercial Vehicles Materials & Subcontractors Time Required & Lunch Expenses This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.