![]() They empower business owners to have a greater sense of control and insight when dealing with financial challenges.They allow business owners to identify cash flow and spending problems. ![]() ![]() They give business owners more freedom to run their organizations with confidence.What’s more, research has suggested that business budgets offer the following benefits: “A business budget is a financial road map to success, a vision of where you want to take your business for the upcoming 12 months,” the FDIC says. This is a clear indication that business owners are not budgeting accurately or at all. But a chilling statistic suggests that not all business owners are completely convinced.Ħ3% of small business owners contribute personal funds to their business at least once per year. The benefits of budgeting may be obvious to some.
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