How to Make a Successful Business Budget

Cash flow is the gasoline in any small-business’s engine. And sure, we all know it’s important to manage your money—but some business owners believe that only means looking at the profit and loss statement once a month. While this financial strategy is better than having no strategy, it can lead to problems—and there’s a better way. The answer? A budget for your business. In this episode we sit down with Dave Ramsey, the CEO and founder of Ramsey Solutions. He talks about why having a budget for your business is so important. Then George Kamel chats with Ramsey Solutions Senior Executive Director of Finance Jeff Williams. Jeff lays out a step-by-step process you can use to start budgeting for your business.

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[danielcapen]

Just came across this video...thank you for sharing it. Answers most of my questions that I had about applying a budget to a business but I'll get the rest of those answers on the 17th! Talk to you then.

[freedomrings]

In construction - whats better/ worse? Missing the bigger jobs revenue or the debt from the equipment?

[sugeymancia]

First off have a separate bank account from your personal account and pay yourself!