Wednesday, 23 March 2011
Blowing the Budget?
11:42 | 
Posted by
Gill Eastgate
Well uncannily enough it wasn't only George Osborne who revealed his budget today. Yes indeed today budgets were also on the agenda at NKD Towers! Setting a budget is an important part of running your own business, and one which should not be overlooked. It helps you understand the direction that your business is heading and can help you make improvements and corrections before any big mistakes are made.
Setting a budget is not as hard as it seems, though I was aided greatly by my financial wizard and NKD Non Exec Director Rav Singh! Rav and I plotted the various figures into our budget spreadsheet and began forecasting our sales for the year ahead - this I found the most tricky part, I wish I had a crystal ball!
The good thing about setting a budget at the beginning of the year is that once you get the hang of it you will realise that it's a very effective tool in monitoring your finances and improving your business all year long. Here's to a good year for everyone!
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1 comments:
Best of luck Gill
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