It is never too late to start budgeting in any business. Even if you've been in the company for a long time, it might provide you a significant boost. According to accountants, this is an area where many shops fail. Here is how Budgeting might help you:

·  Estimate the amount of money you will have to deal with.

·  To keep against running out of money (and getting into scrapes with suppliers or banks)

·  Develop preparations for reinvesting in the business to improve it

·  Check to determine if things are off track and make any course changes