Small Business Budgeting Simplified: How to Create a Budget for Your Small Business

You can’t manage a small business without a budget.

So today, I’m going to simplify small business budgeting and help you get started. By the end of this episode, I promise you that you will have a clear understanding of where to start with your budget and how to get started.

As a licensed CPA and founder of multiple companies, I am going to show you how we create budgets for businesses we own and for our clients.

Outline:

Intro: (0:00)
Risks of Not Budgeting: (1:28)
What is Small Business Budgeting: (3:33)
Benefits of Small Business Budgets: (4:08)
How to Create a Budget for Small Businesses: (6:54)
Small Business Budgeting Summary: (11:39)

///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[jonipetty]

Hi...I'm 22, making not less than$ 3, 000 in 2 weeks from my investment in financial market. I've been looking forward to starting a business and this is very helpful. Thank you.

[THEBLKYOGI]

I am here in 2023 and this video is truly helping. Thank you!

[nickharbaugh]

Wow. I was so stressed today about creating a budget. This is amazing man. Thank you so much.

[ProfitCashGrowth]

I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!

[kylerolle]

you know exactly what you're talking about. This will help anyone make sense of their business sales. you can apply this to a regular paycheck also the principle of it all tracks every dollar and eliminates not losing or not knowing how you're gonna spend every dollar.

[HeardFurball]

Thank you I also am a kid and needed help for my business.

[gabrielsong]

I watched the introduction and i subscribed. Your enthusiasm is great! Continue your great Work!

[amosscindian]

New to your page .. thanks for the information am 23 and looking to open my 3rd business atm in planning my biggest problem is budgeting myself I know how to make money and even if I fail at times it don’t bother me ..what bothers me is not knowing where all my money keep going looking forward for more of your videos

[zumbawithyasmin]

I absolutely loved your explanation - you are the first person who really helped my light bulb go off in my brain about truely what a budget is all about - Thank you.

[Idrockthat]

Super solid video! Just what I needed.

[catherinew.v.]

Great stuff, where have you been all my business life? So simple to understand and it totally demystified the dreaded budget hideous (for me) subject. Thank you Sherman!

[rabio]

Budgeting is very importat and this is a great video. Thanks!

[KeranSmith]

Really appreciate the simple steps you gave to create a budget.

[PracticeYourSpeech]

Great informational, step by step video! I'm gonna work on my budget today!

[HealthandBeautyAP]

I have now watched a few videos because I want to get serious about my finances in my business. This was the only helpful video with practical information. I will say though you might want to just tell people what kpi stands for. As business owners we are not all savvy with accounting terms.

[wraptonic]

omg thats a lot of info, im gonna have to watch this again lol. great video guys thank you (:

[toribirdliving]

Wow this was SO HELPFUL!! Definitely subscribing. Thank you!!

[peruanaza]

Who said accounting isn’t exciting?? You guys are awesome. Thank you so much for such valuable information and for presenting it in such simple to understand manner. Great summaries as well. I’m sure your videos are helping a tremendous amount of people with their small businesses. Learning how to take control of your business makes this exciting.
Subscribed!
Thanks again! Greetings from Perú🇵🇪 !

[zumbawithyasmin]

I loved it so much that I have now subscribed to your channel. Thank you

[anthonycooper]

Like the information provided in the video