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...