Banking

How To Budget For Your Small Business

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Executive Summary

Starting a small business can be an exciting, yet stressful endeavor. The reason for the stress is that most small businesses fail within the first three years of opening. One way to make sure your small business is successful is to create a budget and stick to it. If your budget is less than your income, you'll be generating profit, but if it's the other way around, your budget needs to be revised and your spending decreased or you won't be in business for long. This paper explains some simple steps to create and stick to a budget so your small business can be a success.

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