Business Budgeting
BUDGET2020
Dear Business Owner,
As you plan to round up the year, can you look back on your financial goals and realistically measure results achieved? If yes, you have done a great job. If no, then it’s time to make a difference for the year ahead.
A budget sets the road map for every financial goal you intend to achieve. Budgeting lays out a plan for where a business wants to go and telling your money where to go. It is conscious planning and setting of goals and values for a business.

- Budgeting ensures you make a plan
- Budgeting enforces deadlines and discipline
- Budgeting helps a business stay clear of its vision, strategy, and goals
- Budgeting makes you clear about your numbers
Creating a business budget may seem like a big stress, but I can be so sure it’s something you’ve been thinking about for a long time.
So? START NOW! |
- Plan your budget for income, expenses and cash flows.
- Begin with a realistic cash-flow projection
- Put together the money your business brings in every month from sales and other income.
- Determine your cost of sales, how much it cost to generate sales and your fixed cost.
- Determine your expenses, differentiate between fixed cost like rent salaries, essential expenses like electricity and internet, and your discretionary expenses that are not essential to running the company.
- If you have debts, then put in debt reduction into your budget.
- Plan for major expenses like purchases of assets.
Ensure you have cash reserves that can be used in the future for growth or a cushion during business downturn.
Take that leap! Budgeting is unarguably an important task that gives you the ability to make deliberate financial decisions that aids your business growth and helps you stay on track.
What’s stopping you from achieving your business budget, when we are just a click away, you can reach out to us with your questions and concerns.
AffiliateLabz
Great content! Super high-quality! Keep it up! 🙂
victoria
Thank you.