Budgeting for Small Businesses

Running a business is filled with managerial decisions which can either drive a company out of business or can lead it to grow dramatically. One of the most valuable business tools used for successfully running and growing a company is budgeting. Budgeting is a powerful business process used to identify and solve problems on paper before they arise in the real world. In this short, but incredibly informative, course we cover purchase budgets, production budgets, hiring budgets, overhead budgets, and cash budgets. You will learn how to develop effective budgets (top down and bottom up), weigh the impact of strict versus more moderate budgeting on employee morale, and how budgets pay off in the future, when you can use them to evaluate your business performance.