Last week’s article extolled the virtues of budgeting…and the vital reasons why your business – and EVERY small business – should create and operate with a budget. Business budgeting allows you to create a financial roadmap and not only see where you’ve been (i.e., whether you are adhering to your budget) and also give you […]
Budgeting for Your Business – The K.I.S.S. (Keep It Simple Strategy) Read More »
If you’re like a lot of small business owners and entrepreneurs, just the thought of a budget might make you cringe. As a group, we tend to be a free-wheeling bunch with a big vision and don’t like to be tied down too much…after all, that’s why we started a business in the first place,
To Budget or Not to Budget – NOT a Question You Should Be Asking Read More »
In addition to checking the data accuracy and closing the books, you should think about and plan for the up-coming year. Be sure your tax objective is aligned with your business goals.
Time for your End of Year Wrap-up: 6 Things to Consider Before 2012 Read More »
Start by reviewing the numbers that show your actuals (from your P&L report), your forecast (based on where you think you can make adjustments), and the difference or variance for each line item. Now you have a working budget!
Strategies for Budgeting Success Read More »
It might make it easier (and more palatable) to think of budgeting as profit planning. If you have a profit plan in place, then you can truly track your income and expenses in a fashion that gives you a clear plan as to how to increase your revenues and where to cut your overhead.
Embrace The Joys of Budgeting! Read More »