B is for BudgetThe A to Z of Profit Growth – B is for Budget

 

Here, Kim Marlor looks at the second instalment of  The A – Z of Profit Growth – B is for Budget! The series that aims to help you grow your profit.

If you’d like more advice on how to increase your profits, we offer a free 1-2-1 discovery session. Call us on 0161 410 0016 to arrange a time that suits you. We hope to hear from you soon!

 

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KMA The A – Z of Profit Growth – B is for Budget

That’s it for this week’s edition. Watch out for next weeks episode.

If we can help with anything included in this edition or if you’d like to talk to us about anything Accountancy or Business development, then call us now on 0161 410 0016.

 

Hi, it’s Kim, with your second in our profit growth advice series. B is for budget. A budget is a control mechanism that helps you focus on everything from sales right down to the bottom line, and will keep you focused on success. You should see your budget as an accurate prediction of what your business will make in terms of profits, if you achieve the desired sales. It should be challenging, but also realistic at the same time. It helps you to monitor your actual performance and spot problems, meaning you can take corrective action before it’s too late. And don’t just set one budget and expect it to last you the lifespan of your business. They need to be revisited annually at the very least to reflect changes in your business fortunes and work really well with a quarterly forecasting process. Keep your budget in line with the growth of your business to maximise profit. Good luck.

 

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