The second phase of a 100m sprint is acceleration, picking up speed. In your budget, the second step is to set your budget for sales and cost of goods sold, which accelerates the growth of your business. As you review your plans for 2015, there will be a couple of different areas to consider for…

The first step to starting the budget process is to review your current year financials. To do this, run a monthly P&L (profit and loss statement) of revenue and expenses for the current year (through whatever period you have closed – hopefully October). If you have a financial system set up, such as QuickBooks, Sage,…

It’s that time of year again! And, no, I’m not talking about the holidays. I’m talking about year-end! It’s time to start thinking about the new year. Where will your business be at the end of next year? What changes do you hope to make in 2015? What are your operational goals? What are your…