Difference between revisions of "Budget Planning"

From Profit Navigator
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initial creation of topic, needs updated
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Every business needs a roadmap or plan to keep it heading in the right direction.  Budgeting is often an area that is overlooked by individuals and businesses alike.  Often when one does think about budgeting, budgets are simple month to month budgets covering basic expenses - when our businesses meet our basic monthly expense needs we feel we are doing well.  But to grow a business we need a plan that gives us the motivation to succeed and a way to measure our success, not for one month but for several months.  Budget planning is one of the most difficult aspects of running your business but the most important aspect.  [https://profitnavigator.net '''Profit Navigator'''] simplifies budget creation using intelligent prediction based on your company's momentum.
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Our Simplified Relational Budget uses your businesses financial history to quickly and easily create a budget customized for your particular business.  The simplest way to create a budget is to select one of 3 momentum budget suggestions, however you are afforded the opportunity to customize your budget by providing 3 yearly values: Sales, Cost of Goods percentage and Total Expenses.
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Further you can modify your simplified relational budget using [[Opportunities/Challenges Planning ⟨What-If⟩|'''Opportunities/Challenges Planning ⟨What-If⟩''']] planning or you can create a custom month to month budget.

Revision as of 14:36, 17 January 2019

Every business needs a roadmap or plan to keep it heading in the right direction. Budgeting is often an area that is overlooked by individuals and businesses alike. Often when one does think about budgeting, budgets are simple month to month budgets covering basic expenses - when our businesses meet our basic monthly expense needs we feel we are doing well. But to grow a business we need a plan that gives us the motivation to succeed and a way to measure our success, not for one month but for several months. Budget planning is one of the most difficult aspects of running your business but the most important aspect. Profit Navigator simplifies budget creation using intelligent prediction based on your company's momentum.

Our Simplified Relational Budget uses your businesses financial history to quickly and easily create a budget customized for your particular business. The simplest way to create a budget is to select one of 3 momentum budget suggestions, however you are afforded the opportunity to customize your budget by providing 3 yearly values: Sales, Cost of Goods percentage and Total Expenses.

Further you can modify your simplified relational budget using Opportunities/Challenges Planning ⟨What-If⟩ planning or you can create a custom month to month budget.