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29 Jul
Small Business Budgeting

Budgeting for the small business

You know the saying “you have to spend money to make money“? It’s not far from the truth.

When starting a new business you have to spend a lot up front before ever making any money. Lease payment, furniture and fixtures, software costs and most of all payroll can drain a budget in the blink of an eye. Setting up a budget will help you keep track of expenditures and help you get off to a solid start.

Establishing a budget is usually the one time a year a business can focus on the year ahead rather than the current challenges it’s facing. A budget is a tool to help lead, manage and control the operations and finances of a business. Budget’s help makes goals, communicate the company’s progress with the team and can help transform and grow a business year after year.

Five Things a Budget can do for your Business:

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