A budget is a financial plan for the future concerning the revenues and costs of a business. However, a budget is about much more than just financial numbers. Budgetary control is the process by which financial control is exercised within an organisation
Participants will learn about the steps to take to create a business budget:
Step 1: Tally Your Income Sources
Step 2: Determine Fixed Costs
Step 3: Include Variable Expenses
Step 4: Predict One-Time Spends
Step 5: Pull It All Together
Participants will also discuss each of these in turn – and apply it to their own business plan.