Planning Your Business Budget for Next Year
Consider what is needed, and not needed, for your business to succeed in the coming year.
Budgets in our planning give us a mechanism to keep us on track in a concise way. Should you add that monthly charge for that fun new app that you really don’t need? Or, should you reinvest those profits into more influencer marketing or Facebook ads? This is a great time to really put your cards out on the table and figure some key things out about your business. What will it take in additional revenue to hire that needed employee, or how much more do you need to spend on marketing to get the number of new customers in that you want?
-Aaron Montgomery, MontCo Consulting, 2 Regular Guys