18.11.2020

Budgeting, are you doing it?

 Show Interest

Budgeting, are you doing it?

 Show Interest

 

Love the idea of budgeting but no idea if it will benefit your business, the answer is YES IT WILL!

 

Having an achievable realistic budget can help provide you with focus and assist you in achieving your goals.

Main things to consider:

  1. Make sure your budget is challenging but achievable – you need something to aim for and push you but at the same time you don’t want to make it too difficult as it will just put you off and end up being ignored.
  2. Use it as a way to clear out unnecessary costs – you will have so many costs you didn’t realise you were paying out for. If you don’t need them, get rid!
  3. Once set, make sure you compare your actuals each month to the budget – if you don’t use it, what is the point in having it? Make sure you are checking how you are performing against your predictions. If one month doesn’t go to plan, you can make sure you push the next to catch back up.

 

If you need any help with budgeting & forecasting for your business, it is one of our favourite areas! Get in touch – email katey@prosperbailey.com or call 01244 421206.

 

  • Chester
  • Budget
  • Chester business news
  • Accountant UK
  • Budgeting & Forecasting

Having worked most of my career in industry, working in a variety of sectors and for businesses large and small i decided i would like to use my skills to set up my own practice and help local…

Retail & Services

How many countries use the POUND as currency?

Hello.  I hope this quiz question gets you thinking.  Anyone messages me with the correct answer before midnight this…
Business Management

Sitting comfortably while working from home

When you are working at home it is vital to make sure that you are sitting comfortably. Sitting on the wrong chair may…
Training and Development

8 Top Tips for increasing your engagement on LinkedIN

8Top Tips for increasing your engagement on your LinkedIn  Tip 1 Write-text only posts Write enough in your LinkedIn…

More Articles

Training and Development

8 Top Tips for increasing your engagement on LinkedIN

8Top Tips for increasing your engagement on your LinkedIn  Tip 1 Write-text only posts Write enough in your LinkedIn…
Training and Development

Microsoft Outlook - A few time saving tips

I did a training session today on Microsoft Outlook and although it's an email tool that many of us use every day,…
Business Management

All it Takes is Once Sentence To Alter Team Mindset

Why is communication planning so important? As it would seem, everyone can communicate now more than ever before. It…

Would you like to promote an article ?

Post articles and opinions on Manchester Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in Manchester

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details