Technology doesn't have to be expensive. Learn realistic budgets for different business types and stages.
Budget by Stage
- Solo Entrepreneur - Budget for one person
- Growing Business - Budget for small team
General Principles
- Start minimal
- Invest in essentials first
- Upgrade gradually
- Track spending
- Look for free/low-cost options
- Negotiate with vendors
Typical Investment Areas
- Equipment: 30-40%
- Software: 20-30%
- Internet/Connectivity: 10-15%
- Support/Services: 10-20%
- Contingency: 10%
Budget carefully but don't over-optimize. Some expenses drive growth.