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  • Suggest You - Five Steps to Create a Budget for your Small Business

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    How I hate budgets!

    Every time an accountant told me to put together a budget for my company, my response was - “When I get the time I will!” I just never seem to get the time.

    For several years when I first started my company I never paid attention to a budget. I knew if I made money by looking at my financial statements and that was good enough for me. Also, every time I tried to put something together I never c

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    r my company, my response was - “When I get the time I will!” I just never seem to get the time.

    For several years when I first started my company I never paid attention to a budget. I knew if I made money by looking at my financial statements and that was good enough for me. Also, every time I tried to put something together I never

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    For several years when I first started my company I never paid attention to a budget. I knew if I made money by looking at my financial statements and that was good enough for me. Also, every time I tried to put something together I never

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    ion to a budget. I knew if I made money by looking at my financial statements and that was good enough for me. Also, every time I tried to put something together I never
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    t was good enough for me. Also, every time I tried to put something together I never compared my actual financials to the budget numbers I created.

    Two years ago, I decided to take a different approach. I developed a forecast for a quarter of what I expected income and expenses to be. I came up with the figures based on the previous year's actual numbers. It was easy to look at last year and just add a percentage incre

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