Why every business needs a budget
EPISODE 5
Notes
Do you have a budget in your business?
In this episode, I’m going to discuss everything you need to know about budgeting and why you need one in your business. When starting out, we’re often just fumbling our way through for a while but this isn’t an approach that will benefit your business in the long run.
I’ll explain how to create a budget, types of budgets, what you should include in your budget, timeframes, and how to measure your business. I’ll give you examples of all of the types of expenses you can incur so you can build a comprehensive picture of how your business is doing.
Once you’ve formally created a financial plan for your business, you’re much more likely to achieve your goals and succeed.
LINKS:
Check out my Budgeting and Cash Flow Forecasting Mini Course here!
About the
Author
Bec is a chartered accountant who worked at Australia’s big firms and banks for 15-years. Faced at a crossroads in her career, she backed herself, left her corporate job and launched Straight Up Bookkeeping. 3 years and 5 staff later, Straight Up Bookkeeping is one of Australia’s leading virtual bookkeeping businesses for creatives, with a mission to free business owners from financial stress so they can grow their empires.
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