Preparing Your 2023 Budget

As we step into Q4, it’s time once again to start planning for next year. One of the key components to strategic planning activities is preparing your budget. While it can seem like a time-consuming task, preparing an annual budget enables you to evaluate your spending, anticipate future needs, and stay on top of profits …

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Take Steps to Make Your Business Recession-Proof

Recessions happen more often than most people might think, and business owners are likely to experience several during their careers. The National Bureau of Economic Research (NBER) defines a recession as a significant decline in economic activity across the economy, seen as a decline in gross domestic product (GDP), real income, and wholesale-retail sales, among …

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Don’t Overlook the Value of a Real Budget

It’s an essential element of business: preparing an annual budget enables you to evaluate your spending, anticipate future needs, and stay on top of profits and cash flow. It is also a time-consuming task that many business owners dread and postpone. The value of a data-based, dynamic, working budget can mean the difference in whether …

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Yes, You Need a Budget!

Do you have a budget – a real budget? The value of a data-based, dynamic, working budget is often overlooked. Why every business should have a budget: A well-prepared budget illustrates where you are financially, where you need to be to meet your objectives, and identifies the gap between the two. A budget facilitates a …

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