The Importance Of Budgeting And Forecasting For Small Businesses
- Topics:
- Budgeting,
- Forecasting,
- Small Business
- Source:
- ClevelandJobLink.com
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Overview: Budgets and forecasts provide a feasibility analysis. They can help develop a business model, review your key assumptions, and identify resource and capital needs. Budgets and forecasts can be used to find funding. They demonstrate the potential of your business to investors and lenders. Budgets and forecasts can also be used as a management tool. They can help you establish milestones and require accountability for accomplishing the milestones. They can help identify risks and show benchmarks. This will help the small business owner make the necessary adjustments to avoid the risks, to reach the milestones, and to measure up to benchmarks.
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Format: HTML | Date: Jun 2006 | Pages: 3
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