Banking

Budgeting For Small Businesses

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Executive Summary

Wondering how to prepare a budget for your small business? Budgeting is critical in business no matter what size your business is. This paper gets you started with small business budgeting. Budgeting is an important and necessary part of small business ownership. To begin with, lenders and investors are going to require a budget before they agree to partner with your company. More importantly, a budget can be a valuable tool to help you meet goals and stay abreast of the financial condition of your business. A budget is really just a financial plan. It can be as simple or as complex as you want it to be, although a certain level of detail is necessary if it is going to be effective.

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