I don’t think anyone would dispute that as a business owner you need meaningful business information in order to make good business decisions, yet I see many business owners flying by the seat of their pants, so-to-speak, making significant business decisions without having much in the way of relevant and meaningful business information.
In order to get meaningful business information, you need to have good business systems in place to capture the information accurately and efficiently.
I’m having the best year yet as a result of actually planning my business and my life. Here’s my take on goal setting and planning and what I do on a yearly, monthly, weekly & daily basis.
Budgeting can be a bit of an art form and is really a best guess, but if based on historical data has a greater chance of being fairly accurate. It’s good to review and revise regularly.
Here are some quick suggestions on where to start when creating a budget or cashflow projection.
Or a lot?
Trust me you are not alone.
The number of times I have seen people literally shudder when asked about their business financials. I came to realise years ago that it doesn’t come as easy to some people as it does to me. But then I also see some of you out there who are perfectly capable but seem to have a real block with it.
So what’s the deal?
