Once the business knows its expenses and available working hours, then it can set a price for its services. This is based on what the business needs to pay its way (business survival budget); what the proprietor needs (personal survival budget).

Personal Survival Budget

These figures will be individual to every household. Many may know the amount that they need each month, per year, to run their homes and their lives. For those who have not undertaken this exercise, or not done it recently it is the first step to determine a minimum price that the business will charge for its services.

Example

Personal Expense

Basis of Calculation

£ Per Year

Mortgage or Rent

£675 per month

8,100

Council Tax

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