Having gone through a tumultuous period, you would have realised by now the importance of staying on top of your finances. Ostensibly businesses that have prevailed to date possessed the financial resources to see them through the latter half of the current financial year.
Never underestimate the discipline needed to make a budget work for your business. In the course of a financial year, you may be tempted to spend off-budget but these temptations can be avoided. In this post, you’ll find five top tips to help you stay on top of your budget.
A small business is equally vulnerable to the tides of economic change. While change isn’t bad in itself, it can throw you off balance. Whether you survive or thrive depends on how prepared you are.
With the end of the financial year around the corner, you’re probably busy planning for the next one given the prevailing economic malaise. However, there will be significant differences in the way you approach it for 2020/21. As a small business, you may have realised the cushion between survival and collapse is very thin. In this post, we’d like to present some tips to help you plan a budget in a crisis.