
How to Build an Annual Budget for a New Business
It is very important for founders to create a plan that includes numbers (score keeping) to determine if your business is headed in the right direction. I compare a budget to a pilot preparing a flight plan. The pilot sets out the course so that he arrives at his destination. The pilot may correct course as time passes to respond to outside influences such as weather, winds etc. So should a business owner respond to outside influences and manage the business to hit its ta