RCRE - New Year, New Budget
01.01.2020 - By Jake and Gino Podcast
Dylan & Mike discuss why budgeting is so important & how to review your revenue & expenses. The first step to budgeting is reviewing the current year’s performance. Next you need to review your revenue & see the nature of the expenses. When reviewing expenses can you reduce the fixed, seasonal, or variable expenses? This will also allow you to create better baselines for renewals. You need to compare your actuals & budgets with your initial proformas.