How To Prepare a Budget for a Service Business - A Step by Step Guide to Budgeting in a Small Business

De: Meir Liraz

Narrado por: Virtual Voice

Duración: 19 m

Resumen del Editor

Budgeting is a tool for dealing with the future. It helps you turn expectations into reality. An increase in profit should be the first consideration when you think about the prospect for your business in the next year. Working up a budget helps you to determine whether or not your profit goal is within reach. When the figures are all together, you have answers to questions such as: What sales will be needed to achieve the desired profit? What fixed expenses will be necessary to support these sales? What variable expense will be incurred in producing the services?

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