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Creating a budget puts your business in a better position to survive slow seasons and prepare for future expenses. It’s also an opportunity to set detailed financial goals.
You can set up a budget for your small business in five steps: Predict your expenses. Estimate your income. Track your projected profit (or loss). Review your budget. Create an emergency fund.
Small Business Owners' Report, showed that only 47% of local small business owners leverage a bank for business advice.
Pretty good! We’ve got $16 left over. But while it’s tempting to see that small surplus at the bottom of the spreadsheet, we need to get things to exactly $0.
According to the U.S. Small Business Administration, a typical marketing spending recommendation for profitable businesses making less than $5 million in sales annually is about 8% of the gross ...
When planning a home renovation, one of the big challenges is setting priorities in line with your budget. A tool from the corporate world, known as the MoSCoW Method, can help you there. Here's ...
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