By actually sitting down and preparing a budget, you are demonstrating a proactive approach to managing your business.

A properly thought out budget can often uncover risks and opportunities that may have otherwise gone unnoticed while working on the day to day operation of the business. By setting and approving a budget, you are in essence setting a target for your business to work towards in the future, creating accountability for management to achieve these targets. This can then act as an easily digestible tool that can quickly align the expectations of the stakeholders of your business (e.g. bank, investors, management etc.) regarding the future direction of the business…

If any of the above is of interest, please contact either Andrew Perkins or Stephen Byrnes from the Corporate Services team to discuss further.