When I was a banker I worked with hundreds of small businesses, most of whom never had a budget for their business. They sometimes pulled together projections to obtain a loan, but they rarely used them for comparison purposes later.
Although a budget is simply a tool to help you compare your original expectations to your actual results, it can be a valuable tool. Without a budget it becomes too easy to spend excess cash flow on items that may not be mission critical to your organization.
Proverbs 27:23 teaches, “Know well the condition of your flocks, and pay attention to your herds; For riches are not forever, nor does a crown endure to all generations.”
If you lead a small business, consider staying on track by using a budget.
