5 Reasons you need a budget
If you don't have a budget in place you are missing on the opportunity to get to your goals faster.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
5 reasons you need a business budget:
⠀⠀⠀⠀⠀⠀⠀⠀⠀
1. Managing unexpected challenges (Pandemic, Hello!)
⠀⠀⠀⠀⠀⠀⠀⠀⠀
2. Making sure you have enough to pay yourself
⠀⠀⠀⠀⠀⠀⠀⠀⠀
3. Identify areas to help you increase your profit
⠀⠀⠀⠀⠀⠀⠀⠀⠀
4. Build a cash reserve
⠀⠀⠀⠀⠀⠀⠀⠀⠀
5. Identify available capital
⠀⠀⠀⠀⠀⠀⠀⠀⠀
A detailed and realistic budget is one of the most important tools for guiding your business. It will help you create a habit and get more confortable with your finances.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Do you have a budget in place? if so, how often do you review your finances against your budget?
⠀⠀⠀⠀⠀⠀⠀⠀⠀