At its core, a robotics business budget is a spending plan for your startup that takes into account both your income and the expenses related to its activities.
It helps you understand how big your financial power is, along with how you can keep your business out of debt and minimize any troubles along the way. The most important components of a financial budget are:
– Estimated Revenue
– Fixed Expenses
– Flexible Expenses
However, a financial plan alone won’t help you create a profitable startup. The following five tips are designed to complement it and ultimately lead you to a prosperous and profitable journey. [Read more…] about A five-step plan towards a successful robotics startup