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Business strategy
Why smaller businesses should engage in budgeting.
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[QUOTE="Mikes smithen, post: 343668, member: 90053"] A lot of small scale business owners today have come up with the notion or mindset that only large scale business owners should engage in the financial activity of budgeting which in all ramification is wrong. As long as you are a business owner managing an administrating a business whether established in large scale or small scale it is expected that you understand that your business is a center for money inflow and outflow and in order to make sure that you allocate the right amount of money today right amount of activity to yield expected and planned results you must budget. No matter the kind of revenue your business make in terms of size and capacity it is expected that you allocate reasonable amount of money for your business welfare and that can only be done when you budget in which you speculate money for various business activities without confusion. Majority of small scale business owners today have been able to grow and develop because they've engaged in the financial activity of budgeting. [/QUOTE]
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