Taking the time to establish a real and achievable budget is essential… especially in times of business uncertainty.
A well constructed budget, based on quantified and well considered scenarios, provides a pivotal business tool. This is used to compare actual results against forecast, enabling an on-going assessment of business performance and the ability to make changes as and when necessary.
The budgeting process also allows business owners to step back from working in their business to working on their business – a business concept we actively promote.
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