Daily small business mentoring tip – Harness the power of your budget

November 13, 2011Post by Laura Humphreys

Your budget is your single most powerful monthly planning tool.  Map your projections out for the year based on the profit you need to make, the turnover, cost of sales and expenses required to meet that profit goal.  Have actuals and budget columns to measure yourself against each month.

There is a whole seminar in the liber8yourbusiness programme about budgeting.  Email me if you’d like an excel budget template – laura@liber8yourbusiness.com