Off The Beaten Track

business budget

Budgeting and your small business: Identifying objectives and managing performance

August 13, 2015 // 0 Comments

Budgeting is the bane of the business world. Despite the challenge of putting a budget together for your business and the pain of classifying costs, allocating spending and getting your paperwork in order, budgeting is beneficial for a business. Different organisations use budgets for different purposes, yet their function is more or less the same: a budget is sort of a guideline for organisations to be able to measure performance. A budget can help you identify challenges and solutions to [...]

For Small Business Owners: Guidelines for setting up a budget for your business

June 9, 2015 // 1 Comment

A lot of the time starting a business and getting your name out there is so important that simple things like managing your expenses and keeping a close eye on your cash flow fall by the wayside. The phrase ‘cash is king’ is relevant for a reason. Money is the the lifeblood of your business so you need to always make sure that it keeps flowing, and it flows in a healthy way. We won’t go into the gory details of accounting and cash-flow statements just yet but we’ll share [...]