Tag: budget


Sep

17

2018
Interim CFO Tip: Budget Operations to Reduce Costs

Interim CFO Tip: Budget Operations to Reduce Costs

Today, you can distinguish companies ahead of their competition by the structure of their operations. An interim CFO through effective budgeting, helps companies become leaner, faster and stronger than their competitors. By spending less money in day-to-day operations through the streamlining of processes, an interim CFO can help high performers achieve more in the same or smaller budget than their competitors. Interim CFO creating high-value...

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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...

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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...

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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...

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