Recast: Why every business needs a budget

Straight Up Small Business

“I am taking a quick break for a couple of weeks over the holiday period, and I wanted to share with you some of the listener favourites from the back catalogue.

If you haven't had a chance to listen to this one previously, or you're new here, I hope you enjoy this one!

I will be back with fresh new episodes in a couple of weeks!”

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Do you have a budget in your business?

In this episode, I’m going to discuss everything you need to know about budgeting and why you need one in your business. When starting out, we’re often just fumbling our way through for a while but this isn’t an approach that will benefit your business in the long run.

I’ll explain how to create a budget, types of budgets, what you should include in your budget, timeframes, and how to measure your business. I’ll give you examples of all of the types of expenses you can incur so you can build a comprehensive picture of how your business is doing.

Once you’ve formally created a financial plan for your business, you’re much more likely to achieve your goals and succeed.

LINKS:

Check out my Budgeting and Cash Flow Forecasting Mini Course here!

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