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Negative Effects of Poor Budgeting
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[QUOTE="Yusra3, post: 285655, member: 31907"] Poor budgeting can have a negative effect on your business. Here are some of the things that can happen: 1. You might miss important opportunities to grow your business because you're not doing enough research and planning. 2. You'll probably overspend on unimportant things, like hiring someone new or buying supplies that you don't need. 3. Your employees might be unhappy because they don't feel like they're being treated fairly. 4. You could end up with less money than you need and have to cut expenses in other areas of your business. 5. You could end up with an overdrawn account if you don't pay attention to your spending. 6. If you don't have enough money saved for emergencies, you'll be forced to borrow from friends or family members. which could lead to resentment and even resentment from them if they feel taken advantage of. 7. You may not be able to afford living expenses without a job or a part-time income. [/QUOTE]
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