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7 Steps to a Better Business Budget

July 27, 2018 by Judi Otton Leave a Comment

Many business owners have some expectation of what their expenses and revenues will be in coming months, but most have not taken the time to put together and use a real budget. In order to better understand your business, and maintain good financial stability – a business owner should consider the following when developing their […]

Filed Under: Articles Tagged With: budget, Budgeting, Business, cfo, Finance, Forecasting, growth cast, Profit, Sales

Tips To Keep Your Books Current & On-Point

June 22, 2018 by Judi Otton Leave a Comment

According to a small business administration study, over 28% of businesses go bankrupt due to problems with the financial structure of the company, and in many cases this could have been avoided.[1] Understanding your accounting reports is essential in order to stay on top of business so you can manage your finances and make informed […]

Filed Under: Articles Tagged With: Budgeting, Cash Flow, Forecasting, Profit, Sales

Creating a Business Budget is Just About as Important as the Business Itself!

June 19, 2018 by Judi Otton Leave a Comment

Think about it – when drawing out a plan of action for your business, you can minimize any unexpected cash flow issues, control spending, inform decisions in other departments, assist with financing applications and reduce overall risk. Here are 12 steps you can take right now to create a business budget. Research Costs – Why? […]

Filed Under: Articles Tagged With: Budgeting, Cash Flow, Forecasting, Profit, Sales

Business Budgeting 101

April 25, 2018 by Judi Otton Leave a Comment

Just because you’ve opened a business, doesn’t mean you necessarily know everything you need to about how to run it, especially the financial aspects. No one teaches this!  Unless you have a finance degree, I bet no one ever taught you how to read a cash flow statement or create (and manage) a budget. Many […]

Filed Under: Articles Tagged With: Budgeting, Cash Flow, Forecasting

Sales Forecasting – How am I supposed to figure out how much I’m going to sell in the future?

April 11, 2018 by Judi Otton Leave a Comment

One constant challenge I hear from small business owners is that they can’t forecast their sales.  After all, how on earth are they supposed to know what’s going to happen in the future?  I have two answers to this.  1) you won’t get it perfect, but that’s still not a good reason not to make […]

Filed Under: Articles Tagged With: Forecasting, Sales

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