3 Tips To Budget Like A Pro
Quick Question: Have you ever thought about hiking a national forest? Yes? Me too!
Would you hike a national forest without a map? No? Me neither!
Going off into an unknown trail with twists, turns and predators without a map is pure insanity.
And not recommended.
Now, let's take that scenario and compare it to real life. Let's imagine your business is like that national forest you want to hike.
They are both full of hills and valleys, twists and turns and predators. And you shouldn't proceed without a map. In business, your map is your budget. Everyone should have a budget.
Why, you ask?
Because it doesn’t make sense to run your business (or your household) without one, that’s why.
Spending without a budget is the equivalent of hiking through a national forest without a map. You will get lost and things are guaranteed to go very wrong.
Very, very wrong.
I'm talking about the 'where did my money go, can someone help me find it' kind of wrong. I've seen it happen to the best-intentioned folks.
Now, before you object I completely understand that you are trying to run a business here. You don't have time to sit and stare at numbers.
You have inventory to buy and bills to pay, you can't worry about checking the budget first. You've gotten this successful without one, Right?
How many times has an expense caught you off guard or you made more money than you thought and you don't know which way to grow? A budget is an essential business tool that can steer you in the right direction and help you achieve your goals.
While the process of creating a proper budget can be intimidating, it is not impossible. It doesn’t have to be done on expensive software or look a certain way.
It only has to be realistic.