5 Budgeting Ideas for Every Small Business Owner

MP910216428 Cash flow problems giving you headaches? Check out these simple budgeting tips from my OPEN Forum article, 5 Budgeting Ideas for Every Small Business Owner:

Managing cash flow is one of the most challenging aspects of being a business owner. Learning to budget, however, can help you overcome this challenge. Many entrepreneurs leave a secure job to run a business. When you do this, you move from earning a regular income to earning a more haphazard income, which can make personal budgeting difficult. The haphazard nature of business income is one of the risks of running a small business. The following tips will help any entrepreneur or small business owner reduce the risks by creating a workable budget for the business:

  1. Create a realistic cash flow projection.
  2. List your essential expenses.
  3. List discretionary business expenses.
  4. Reduce debt quickly.
  5. Never spend all of your profits.

For more details, continue reading at OPEN Forum.


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