3 Steps To Create A Small Company Budget #shorts

The 3 basic steps to creating a small/startup company budget #shorts

My full 23-mins video on creating small company budget:

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All views expressed on my channel are mine alone. Not intended as financial or professional advice

[MyFinancialFocus]

Really enjoy cost and budget accounting. It’s a skill that’s transferable from business management to personal finance. Very useful.

[hex-]

Hi sir, this is a great guide. But based on my few years of experience, it is much efficient to start from break-even analysis and set up desired net profit % and work your way back up to the sales/revenue. Fill out the additional expenses (headcount, considering manufacturing capacity, selling and marketing expenses) needed to achieve the desired revenue. I also used weighted average contribution margin (best for manufacturing company) to compute needed sales in value and units sold(produced). After that, I compute for additional working capital and its cost.

[ZafarIqbal-jowz]

Can you please make a more comprehensive video on budgets and forecasting.

[LatinGlamwithme]

I’m so happy you take the time out of your schedule to do these videos !!! Thank you!!

[jerrycido]

Hi! Just watched the video. I have been looking for the link you mentioned in the video. I am interested to watch your full video.

[masimahmood]

Amazing skills well done thank you for being connected to yourself. You keep it so simple and easy to understand and learn

[XxpitbulxX]

This video couldn't have come at a better time. Thank you !

[pieroquintoj]

It's really useful and remarkable for apply to my templates. I've never thought that the step two was the headcount. Thanks a lot for your time.

[nobelable]

Me work with mom and pop small business in my town. You will shocked at how they operate without financial planning😂. On the bright side, my business in financial consultant for small business really take off because of that🎉

[Doug]

Question, in terms of working in accounting, do you think getting a masters in accounting is valuable to a company? Or do you think it would be best to just become a CPA and possibly obtain a different masters such as in finance?

[moneyfool]

First short i subscribe. Thank u so much! 🙏

[sharmansheck]

Question regarding employers their view on former entrepreneurs. I was wondering if you could maybe give some advice to a soon to be graduating bachelor student, who is looking for a starter position in audit, without much relevant experience besides owning an e-commerce business during his studies. I assume that this type of work experience is not viewed as "reliable" to most employers, therefore it would really leave the work experience section of my CV relatively blank. I really appreciate your videos btw, giving me lots of advice as a student getting into my accounting career!