Maximising Your Financial Impact Through Budgeting
Budgets are one of the most powerful tools a business/practice owner can possess.
BUT, there is a difference between a good budget which will give you greater control over your financials, and allow you a greater degree of freedom within your practice versus an ineffective budget that has the ability to confuse you and potentially lose you money.
Let’s take a look at how to do it the right way.
Cash management is one of the most challenging aspects of being a business owner. Learning how to budget, can help you overcome this challenge and enable you to maximise your financial impact.
A budget is an estimate of future numbers based on information you have on hand.
Budgets estimate the profits, financial performance, and cash flow of a business for a particular period of time.
Benefits of Budgeting
Budgeting has a number of profound benefits that allows you to have much greater control over your practice’s financials.
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