I know that budgeting and making estimates might not sound like the most exciting things to talk about, but trust me, they are very important to the success of your business.

In this episode, we talked about:

• The process of creating a fiscal year budget and projection.
• Importance of planning a budget and projections for business success.
• Revenue target, gross profit margin target, net profit margin target, expense reduction target, and year-end review.
• Cashflow management and risk assessment.
• The importance of monitoring and reporting, financial education and coaching, networking, and celebrating achievements in business.

Links to Resources:

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Link to Budgeting and Planning Worksheet

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