Posted by BusinessTown on January 19, 1999 at 17:51:49:
It's so easy to make blunders handling money in a business. But my biggest
mistakes come about when
I don't keep looking at the budget and the cash-flow projection.
Every day in business you are bombarded with what seems like great reasons
to spend money on something you didn't budget. You get ideas from ads,
salespeople, employees, even your relatives!
Taken in isolation, so many unplanned expenses seem like a great idea! Think
how fast a new computer would be! Wouldn't new desks look sharp!
But when I start to make even one or two exceptions a week to my budget, I
soon find my budget and profit projection were just a fantasy.