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Why your budget must be realistic.
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[QUOTE="Jasz, post: 216112, member: 61772"] When you prepare a budget, you should always be realistic. This is true whether you're creating a marketing budget, an operational budget, or any other kind of budget. If your projected spending isn't grounded in reality, then it won't be useful to you or anyone else. You'll just have a list of numbers that have nothing to do with the actual financial situation at hand, which will make it difficult to make decisions and plan for the future. So what are some ways you can create a realistic budget? First off, take your time. Don't rush through it—if you do that, chances are good that you'll miss something important and end up with a budget that doesn't match up with the way things actually are in your business. Instead, take your time and make sure to examine every aspect of how you spend money. There are plenty of resources out there to help you create an accurate budget. For example: If this is the first budget for your new business, consider hiring someone who can help you figure out how much cash flow you should expect in each month and what expenses might be associated with running a business like yours. [/QUOTE]
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Why your budget must be realistic.
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