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17. July 2012

The Importance of Budgets in Business

Filed under: Business Finance — Tags: , , — John Delaney @ 13:24

A well planned budget can help a business stay aliveFor any business to be successful, there has to be financial control. In other words, those running the business have to be aware of how much money is going out and how much money is coming in. Without such knowledge, the business is headed for bankruptcy. By creating a budget and a process by which to administer it, a careful check can be kept on the business and its state of health at any particular time. (more…)

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