No matter what the size of your business, budgeting should go
hand in hand with the strategic planning process. Just as the
overarching business strategy and achievable objectives need to be
defined before you embark on another year of operation, a separate
financial plan allows the organisation to keep within...
1. Make sure that you have a realistic business plan
A well thought out business plan will establish your current
business status and demonstrate where you want to take your
business over the next few years. It should include a detailed
budget with information on how you will finance your...