As we’ve all seen with the pandemic, we can’t always plan everything that happens to a business. However, creating a budget is an important way to make sure you don’t overspend, or know if you need to make any changes. And with the uncertainty businesses have faced this past year, reevaluating your budget frequently will help you keep your money heading in the right direction. This workshop will better equip you in how to budget for your business.
- The benefits and importance of the budgeting process
- Supporting schedules to build a full Income Statement and Balance Sheet
- Assess the value of the first draft and revise to create a final polished budget
- Use flexible budgets to assess organizational performance
Joe Rodola is an SBDC Advisor and business professional with 45 years experience in business finance (including 10 years experience as a small business owner and 8 years helping small business startups).