Budget Plan For Small Business

This is because budgeting helps small businesses focus.

An essential part of budgeting is allowing some wiggle room.

“Allow for a little flexibility in your budget, because too much rigidity is impractical and will not allow for unforeseen circumstances,” said David Ambrogio, consultant for Tower Books, a small business bookkeeping and consulting firm.

These unforeseen expenses could potentially have been avoided with a budget.

Yet, a budget cannot account for every cost that comes up during a financial period.

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