How To Prepare a Budget for a Service Business - A Step by Step Guide to Budgeting in a Small Business

By: Meir Liraz

Narrated by: Virtual Voice

Length: 19 mins

Publisher's summary

Budgeting is a tool for dealing with the future. It helps you turn expectations into reality. An increase in profit should be the first consideration when you think about the prospect for your business in the next year. Working up a budget helps you to determine whether or not your profit goal is within reach. When the figures are all together, you have answers to questions such as: What sales will be needed to achieve the desired profit? What fixed expenses will be necessary to support these sales? What variable expense will be incurred in producing the services?

Get These 3 Valuable Free Gifts (a limited time offer)

Place your order by the end of this month and I will also include instant download instructions for the following free gifts: Free Gift #1: Business Financial Planner This is a multi featured, fully operational Excel based software program. It is a financial management program that will help you do the following: * Prepare budgets, cash flow projections and projected income statements * Plan and analyze your start up expenses and sales * Perform Break-Even Point analysis * Conduct 'what-if's analysis * Perform financial ratios analysis * Make a "go /no-go" decision Free Gift #2: How to Improve Your Leadership and Management Skills (eBook) How to lead and manage people; discover powerful tips and strategies to motivate and inspire your people to bring out the best in them. Be the boss people want to give 200 percent for. Free Gift #3: Small Business Management: Essential Ingredients for Success (eBook) This guide will teach you scores of small business management tricks, secrets and shortcuts - and teach them so that you can start using them at once. This program does far more than impart knowledge... it inspire action. --------------------------------------------------------- My name is Meir Liraz and I'm the author of this book. According to Dun & Bradstreet, 90% of all business failures analyzed can be traced to poor management. This is backed up by my own experience. In my 31 years as a business coach and consultant to businesses, I've seen practically dozens of business owners fail and go under -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work. And that is where this book can help, it will teach you how to avoid the common traps and mistakes and do everything right the first time. Table of Contents: 1. Introduction 2. Why Budget 3. A Plan For Increased Profit 4. Can You Reach The Goal 5. Budgeting Example 6. Where Can She Go? 7. Periodic Feedback And Control