1. Incremental budgeting: This type of budgeting involves making small adjustments to the previous budget based on changes in the business environment or goals.
2. Zero-based budgeting: In zero-based budgeting, entrepreneurs start from scratch and build a budget based on the needs and priorities of the business, rather than simply adjusting the previous budget.
3. Activity-based budgeting: This type of budgeting focuses on the activities and processes that drive costs in the business, allowing entrepreneurs to allocate resources more effectively.
4. Flexible budgeting: Flexible budgeting allows entrepreneurs to adjust their budget based on changes in revenue or expenses, providing more flexibility in managing financial resources.