A very wise man (Benjamin Franklin) once said, "If you fail to plan, you are planning to fail". Never is this truer that when it comes to budgeting.

All businesses should have a budget and, ideally, a forecast. Having this gives you something to compare your results to and an idea of where to focus efforts. Creating a budget can create ownership and responsibility across a business; this, coupled with a good forecast predicting where you are likely to end up, is a good risk management tool and allows the business to be agile and make good decisions proactively instead of reactively. If you don't have this, contact us; we can help.