Austinaldo
Member
Proper budgeting is an important way to stay financially responsible and stable as a business. Without budgeting there tends to be overspending. This isn't helpful for someone who takes their finance seriously.
As an beginner in a business. The excitement usually take control and I start to drift from the core values of my business. Along the way I start facing huge pressure from the business when something doesn't work out well. This is true when I start facing financial challenges as a result of my inability to budget well.
How would you advise such a perfect? For me I do well with pressure but certainly not when it has to do with lack of money. Not having enough money weighs me down and it poses a huge limitation to my creativity.
I think that is just me or is there anyone else who feel this same way? I believe these things are not set in stone and every individual has their strengths and weaknesses. It all depends on where we are more competent in. It also depends on our knowledge on a particular business.
These are my opinions but I'll like to hear from the audience. What are the effect of lack of budgeting to a business?
As an beginner in a business. The excitement usually take control and I start to drift from the core values of my business. Along the way I start facing huge pressure from the business when something doesn't work out well. This is true when I start facing financial challenges as a result of my inability to budget well.
How would you advise such a perfect? For me I do well with pressure but certainly not when it has to do with lack of money. Not having enough money weighs me down and it poses a huge limitation to my creativity.
I think that is just me or is there anyone else who feel this same way? I believe these things are not set in stone and every individual has their strengths and weaknesses. It all depends on where we are more competent in. It also depends on our knowledge on a particular business.
These are my opinions but I'll like to hear from the audience. What are the effect of lack of budgeting to a business?
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