Budgets are the sort of thing that have many business owners shuddering.
So often we hear comments like
“if only I had a crystal ball, I’d have a chance of preparing a budget.”
In fact, it doesn’t have to be that hard with assistance from our team.
For established businesses, a budget will consider trends in
Sales and Expenditure items and help identify areas of your trading to focus on.
Perhaps to focus on growth in a particular sales area,
or reduce spending in less useful departments.
With goals set, you have an opportunity to see if you and your team are meeting
or exceeding your expectations. KPI’s are an important tool to understand how your
business is performing and what areas need further attention.
Budgets are an excellent way to guide your team.
It’s pretty rare a business has an open cheque book, so enabling your staff to know
in a given period what expenditure limits are available to them, allows them to plan
a structured use of that money. This delivers your business better results.
Even for New Businesses without the advantage of long-term accounts to assess,
the Bartley Partners’ team can offer insights into ‘averages’ for expenditure lines.
Our experience can help you set those initial budgets to get your business moving forward
responsibly without necessarily over-committing yourself.
Different Businesses – Different Industries benefit from different styles of budgets. Bartley Partners has the experience to guide our clients through this process.
Give us a call on 8338 1033 to arrange a meeting.
We can help you plan and implement useful budgets
to keep your business ticking over smoothly.