It’s that time of year again when annual budget planning is at the forefront of our minds as small businesses. If you’ve never created an annual budget, now is the time.

Annual budget preparation isn’t difficult but when it does come to annual budget planning there are some considerations to ensure we are budgeting and forecasting in the best possible way.

I will be walking you through some of these considerations in your annual budget planning so your business budget is set for the new financial year! Small business budgeting isn’t too difficult but most businesses don’t do them. They’re a great way for you to see where you need to invest or pull back on spending as well as show you trends you may not have picked up on.

This episode will also give you some tips on how to budget a small business if you’ve never had experience in it as well as giving you the foundations for your small business budget plan.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

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