planning

Your Business Roadmap: Do you have a plan in place?

Your Business Roadmap:  Do you have a plan in place?

Become enlightened and establish your North Star

A budget is the first step in actively managing the financial health of a company and establishing reasonable goals for the budget period. The first budget exercise is often the most enlightening and difficult. It is a worthwhile, but time-consuming undertaking. Determining the most basic inputs (revenues) and outputs (expenses) can shed considerable light on the operations and help management assess where money should and should not be spent.