4 Steps To Start Building Your Budget

Having a budget creates a mechanism for understanding where you are spending the business’ money and for monitoring if you are on track to achieve your profit goals. Building a budget does not need to be overwhelming. Here are 4 steps to help you get started as you prepare for the new year.

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Your past may be what you need now

It is easy to assume that what you have tried in the past will not work in the present. But preferences and needs evolve and what you tried previously that did not work out the way you had planned may be exactly what you need in this phase of your business. Sometimes we need to give things a second chance.

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3 things to consider as you plan your budget

The budget planning process has many of the same benefits for business as it does for car buying. As business owners, it is imperative to understand how changes to your spend impact the bottom line. Unfortunately, many small business owners do not create a budget and lack clarity on how much they can shift their financial resources during the year.

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Three tips for removing distraction from your to-do list

2020 has been a struggle for focus and consistent productivity. I've pulled together the tips that have worked best for me to kick distraction to the curb (at least temporarily).

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Reset your 2020 goals

As business owners and leaders, it is easy to look at the plan you had for 2020, throw it out the window and swear off building a new plan. You might be thinking there is no reason to have a plan when everything is so unpredictable.

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Three things Chutes and Ladders reminds us about running a business

It didn’t take many rounds of Chutes and Ladders to see how the game mimics running a business. The valleys and peaks of running a business align with the chutes and ladders that send you backward and fling you forward while trying to reach your goal.

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A control freak coming to terms with losing control

In our current environment, I feel like I am losing control of everything. I know I’m not alone. These are a few of the steps I've taken to get through my feelings of losing control.

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