"As a small business owner, you might focus most of your time on the day-to-day tasks that keep your company going. But, don’t forget to plan for your future. A budget can help you set goals and spend wisely.

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A budget puts you in control of your business.  It should be used as a tool to reduce risks, track progress, and leverage projected cash flow.

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Creating a budget could be as simple as writing your financial plans in a notebook or creating a spreadsheet. It’s important to have a visual representation to refer to and change as needed. You will want to adjust your budget as business operations change."

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I will create a budget to include Fixed Expenses, Variable Expenses, Gross Profits, Income and Cost of Goods Sold. This will give you a better understanding of how much of your money is being spent in certain areas of business and where improvements can be made for a more profitable business.

*www.patriotsoftware.com/blog/accounting/how-to-create-a-business-budget/