Irrespective of what sort of company you run, whether it is a retail store or a consultancy firm, one thing you need to prioritize this year is your budget. However, one thing that a lot of people do is miss out some important costs from their budget, and this is how problems can end up arising. To make sure that this does not happen to you, let’s take a look at some of the costs that you should not be missing out of your budget this year. 

• Training expenses – There is only one place to begin, and this is with training costs. When planning a budget for the year, a lot of business owners do not factor in the training expenses for the coming year. You want your employees to learn more and bring more value to your business, right? This is why you need to make sure that you accommodate training expenses. 
• Maintenance and repairs – Aside from training, you also need to consider maintenance and repairs. Be it high-tech computers or a mobile concrete mixing plant, you need to factor in the servicing and potential repair costs that could be needed. Always allocate some of your budget to this. 
• The cost of shipping – Next, do not overlook the amount of money that you are going to need to spend on shipping at your business. Of course, whether or not this is a big expense for your business is going to depend on the nature of your company. Do not only consider the cost of shipping in terms of shipping to your customer. You also need to think about the cost of sending any documents that you may need to. 
• Marketing – In addition to the points that we have mentioned so far, you should also spend some time figuring out your marketing budget for the year ahead. It goes without saying; if you don’t spend some time and effort on marketing, no one is going to be able to learn about your business. Therefore, you need to carefully craft a plan for the year ahead and assign a budget to this. A lot of businesses end up spending too much on marketing because there are so many different routes they can go down. However, there are also a lot of cost-effective and even free marketing options available, so once you establish a budget, make sure that you stick with it. 
• Insurance expenses –  Last but not least, you also need to factor in the cost of insurance. All businesses need to have insurance plans in place to ensure they are protected. If there is an injury on your premises, for example, you want to know that your insurance is going to cover any possible costs. Of course, the insurance you require and the costs that you face will differ depending on the sort of industry you operate in and the different types of risks you face within your business.