1. Planning an Effective Budget for your business By Tiffany M Pope

2. You may Ask? What is a budget? A budget is a charted course for a business that outlines plans for the businesses finances.

3. In other words….. A Road map to SUCCESS!!!

4. There are two different types of Budgets STATIC AND FLEXIBLE Here is an example of how they work:

5. To plan an effective Budget There are a few steps you Must take….

6. The are benefits to setting a budget!

7. What an Effective Budget should include:

9. REGULARLY MONITOR FINANCE AND PERFORMANCE… Enablesyou to concentrate resources on improving profits and reducing unnecessary costs.

10. PROVIDE TARGETS…

12. DON’T SET GOALS TOO TIGHTLY… Tightgoals can cause employees to become discouraged in turn they view goals as unreasonable and unrealistic