Tag: budget


Jun

02

2018
5 Recommendations for Building a Solid Budget

5 Recommendations for Building a Solid Budget

A budget is one of the most important documents in a business. Which is why it’s imperative you create one that can withstand changes in the environment. Budget tip #1: Set realistic expectations If you don’t plan to make changes in your business, don’t increase the numbers. Justify each expense in relation to its profitability and long-term versatility. So make plans and strategies to support new...

Read More


May

23

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...

Read More


Jan

26

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...

Read More