The most important aspect of the business planning process is the creation of a budget. Business owners and managers need to be able to predict whether a business will be profitable or not. Budgeting provides a financial model of how the business might perform if certain strategies, events and plans are carried out.
The creation of a budget is usually the first step in the forecasting process and typically follows the same process.
To learn more about the budgeting please click the Cash Flow and Profit link below.
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