Budgeting and business planning

Introduction

Once your business is operational, it's essential to plan and tightly manage its financial performance. Creating a budgeting process is the most effective way to keep your business - and its finances - on track.

This guide outlines the advantages of business planning and budgeting and explains how to go about it. It suggests action points to help you manage your business' financial position more effectively and ensure your plans are practical.

Subjects covered in this guide

• Introduction
• Planning for business success
• What to include in your annual plan
• Budgets and business planning
• Creating a budget
• Key steps in drawing up a budget
• What your budget should cover
• Use your budget to measure performance
• Review your budget regularly
• Here's how budgeting and business planning helped my business grow

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