Tag: Profitability
Breaking down my expense categories
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So far this week we’ve talked about our personal financial journey at home, what a budget is and why you should consider creating one for your business, and how I broke down the numbers from years past to come up with what we hope is a realistic budget for the business. Today we’ll talk about…
How we set a business budget
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As we’ve started assigning me tasks over the last few months it’s become obvious that my main task has been to take over the bookkeeping. I’ve started entering receipts, tracking expenses, and monitoring income. Curtis still has responsibilities in this area as well, but it has literally cut the time he spends on it down…
Why on earth should you create a budget for your business?
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This seems like a simple concept but let me give you a bit of a working definition of exactly WHAT a budget is. That way maybe you can understand WHY you should create a budget for your business. WHAT is a Budget? A budget is an INTENTIONAL spending plan for your business. It gives you…
