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Funding a business
IMPORTANCE OF BUDGETING
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[QUOTE="Kingsley, post: 207464, member: 30278"] Budgeting is a very crucial aspect of life for anyone that wants to be really progressive in life and also in business. The benefit of preparing a budget is so enormous in every sphere we look at it from. First budgeting helps us to focus our attention on those items that are more paramount to us as we will not pick items that are not so pressing ahead of other items that are of dare need to us. The same is applicable to governmental agencies and bodies that handles very big projects in a country. Then budgeting also helps in curbing wastages that is the key function area of budgeting it helps us to avoid taken up projects that will not be of any benefit to to us or the organization in concern. Then without having a budget we get to spend somuch more than we are suppose to spend and at the end we might become broke because we must have used up more than we are suppose to use on irrelevant items. This is one reason why our government in Nigeria is having some kind of challenges in managing the abundant resources we are having here, because they fail to have a proper budget or fail to implement the agenda on the budget. [/QUOTE]
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IMPORTANCE OF BUDGETING
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