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The Cost of Neglecting Small Business Financial Planning
– Removing Barriers to Success

Small business financial planning with Flare's budgeting tool

Given the demands on the time and financial resources of small business owners, often budgeting is an afterthought – if it’s done at all.

However, if you don’t budget or somehow monitor your business’s finances, you are putting your savings, hard work and sacrifices at risk. You are abdicating control and allowing fate to dictate outcomes like income, losses or even the continuation of your business. An apt analogy is driving in heavy traffic with your eyes closed and hoping against hope that you somehow avoid a collision. Read more

How to Make a Business Budget

A budget is a living, breathing predictor of your business’s financial position and goals. It works as a roadmap for increased profits. At its simplest, a budget projects future sales, costs, profits and cash flow. Budgets can drive company growth; help you analyze performance and make necessary changes based on a comparison of budget vs actual; and, help your team understand the financial outcomes of their work and plan for improvements. Read more