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Budget as Personal Financial Controller
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[QUOTE="Austinaldo, post: 230216, member: 69924"] Budgeting is an important way to stay financially responsible and stable. Without budgeting there tends to be overspending. This isn't helpful for someone who takes their finance seriously. Businesses have to keep a sustainable budget to stay afloat. This is why I recommend having a financial adviser as an entrepreneur. You get to know what steps to take when it comes to spending and keeping a very healthy budget. Any business that does not take budgeting seriously, it probably wouldn't exist for a long time. Take for example a large organization. You see the large number of staffs it has. You take into account the cost of powering the business with electricity. You consider rent and so many other things. Such a company can easily overstep if no strict financial discipline is utilised. Such a company can not be sustained for long if the management does not budget well. Indeed budget serves a great purpose. It can make or mar anyone who doesn't want to use it well. For a start up business, it is the most important part of running a business. You could easily go into debt if it is left unchecked. For established business also, it is highly important to keep budgeting records. [/QUOTE]
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