Basic Business Budgeting

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There is a plethora of budgeting software available, however, even a simple Excel spreadsheet is sufficient. The advantage of having a budget is that control is placed in the hands of the business owner, rather than being a victim of fate. It provides solid information on performance (month on month, quarterly, year on year); costs and where streamlining is possible; profitability of certain lines or projects; and data on which to base decisions regarding possible growth opportunities. Without such information, a business owner is literally operating in the dark.

27 Aug English South Africa Business · Marketing

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