Budget


Feb

01

2019
The 3 Don’ts of Securing a Source for Small Business Funding

The 3 Don’ts of Securing a Source for Small Business Funding

There are a ton of options of small business funding for entrepreneurs. But how does one secure one and which one to go for? We got all the answers from industry experts Growing companies face a lot of challenges when looking to secure capital. It can be that one thing that makes or breaks them. As newbies in the business world, young entrepreneurs and small...

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Jan

23

2019
5 Budgeting Tips

5 Budgeting Tips

The importance of budgeting cannot be overstressed. Having one, and a good one, can help your business grow and keep it in line with your strategy. Budgeting season is here and it’s never too early to start planning. If you incorporate these 5 budgeting tips used by successful companies you can rest assure that your business is on track to a great year ahead. Set...

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Jan

11

2019
The Importance of the Break Even Point in Startups

The Importance of the Break Even Point in Startups

One of the biggest challenges faced by startups is money. Where does it come from? And how much do I need? Both can be answered if you know when you will reach your break even point. The sooner you reach it, the stronger your chances of growing and attracting larger capital. For a startup business, there are only two places where money comes from: customers...

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Nov

27

2018
Why You Need to Use Electronic Accounting for Budgeting

Why You Need to Use Electronic Accounting for Budgeting

If you’ve been budgeting for a while now, you may have noticed ups and downs in prioritized expenses every month. Rarely do they stay constant nor are they predictable. The best way to track your cash flow is to use electronic accounting. That is keeping digital records of your financial transactions, and using accounting software to process the data. You can use an app, spreadsheets...

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Nov

20

2018
Don’t Miss Out on the Long-term Potential of a Budget

Don’t Miss Out on the Long-term Potential of a Budget

Budgeting is crucial in getting you past the first 5 years. If done well, your odds of surviving in the long-term goes up. Budgets are essential for both startups and mature businesses that have been operating for more than 5 years. But having one in a small business could be the key to success, considering their high failure rate. An alarming 82% of small businesses fail...

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Oct

30

2018
Interim Executive Tips: Beating the Constraints of Budgeting

Interim Executive Tips: Beating the Constraints of Budgeting

Budgeting has a bad reputation among employees. Some view it as tedious, boring and, most notoriously, restrictive. They can be painful for an organization as it places constraints and establishes goals, but the success achieved is well worth it with these interim executive tips. Some employees may feel that budgeting is useless. If you’re being cost-effective, not overspending and being mindful of your expenses, some...

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Oct

26

2018
4 Budget Principles for Small Businesses

4 Budget Principles for Small Businesses

Running a small business means having a small budget. Startup costs, loans, and financial fluctuations can overwhelm small business owners, but with a good budget, they can stay in control. No matter how small or new your business is, don’t skip out on a budget. Furthermore, create one that is sustainable and realistic. To build such a budget, identify your risks, overestimate costs, and plan...

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Oct

18

2018
3 Budgeting Tools for Your Small Business

3 Budgeting Tools for Your Small Business

The different acronyms and financial models in budgeting can intimidate some business owners. But it shouldn’t be that way. There are only three tools you need to be familiar with to understand budgeting. Budgeting can be intimidating. It is only daunting because they don’t understand it. Because of this, entrepreneurs spend less time on financial planning and more on their product and ideas. Not knowing...

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Oct

05

2018
The Art of Budgeting After Strategy

The Art of Budgeting After Strategy

Budgeting is oftentimes the first thing tackled in a business plan when in fact it should be the other way round. Budgeting should come after strategic and marketing planning. People often talk about creating a revision plan in an existing business. They want to make significant changes, remarket their products to customers, and radically transform its structure and operations. But when the process begins, the...

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Oct

01

2018
Budgeting 101: Where to Start From

Budgeting 101: Where to Start From

Your budget is the single most important plan that can make or break your business. Understand how to create a budget you can stick to using two methods We’re three weeks into 2018. The breaking point for most new year’s resolutions is now. . . which you can tell by the crowds getting thinner at the gym. Modern businesses with new plans, strategies, and budgets...

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