Posts Tagged ‘budgeting tips’

Tis the Season for 2014 Budget Planning

Many small businesses forego budget creation because they don’t know where to start.  It feels overwhelming to begin and daunting to keep up with over the course of the year. If you find yourself in this category, consider the minimalist approach.  Break your business’ P&L’s into five simple numbers: Income Cost of Goods Sold – These are expenses closely tied to your income. COGS is the costs that go into creating the products that a company sells; therefore, the only costs included in the measure are those that are directly tied to the production of the products.  So if income […]

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