Budgeting isn’t just something that big companies do. It’s important to budget for your small business, too. This can help you make sure you have enough money to cover expenses and stay on track with what’s coming in and going out of the company. When used correctly, a budget can help ensure that your small business remains financially stable despite fluctuations in sales or unexpected expenses.

Set a budget.

• Set a budget.
• What is a budget? A budget is an estimate of how much money you will earn and spend during a specific period of time, such as one month or one year. It helps you plan for future expenses, so that when they arise, you are prepared to pay them with cash on hand instead of using credit cards or loans from banks.
• Why is it important to set a budget? Setting aside money for fixed expenses such as