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How should small business budgeting be approached for any transition in business direction?

April 26, 2017approached Budgeting Business direction small business

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How should small business budgeting be approached for any transition in business direction?

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The first thing is to actually have a budget. Very few small businesses have one. The excuse we often hear is “I don’t know what my income will be, so how can I do a budget?” My answer to this is that what most businesses should at least know is their expected expenditure.