Sometimes, when a client asks me a tricky question about business planning and budgeting, we look at this.
Yes, it’s the crystal ball which I keep on my desk.
But seriously, while planning for the future can seem like a daunting task at times, a good business plan and budget can help keep a small business on track.
The plan may not work out as expected but analysing “what you think might happen” versus “what actually happened” is a valuable learning tool for small business owners and managers. It provides a deeper understanding of the key drivers for the business and this assists in better decision making.