Wednesday, March 25, 2009

Avoid Wasting Money: 5 Ways Businesses Waste Money

Not Having a Business Plan or a Budget.

These 2 factors are very important if you want your small business to survive in the long run.

You should have a detailed business plan so that you know exactly the path that you will need to follow to achieve success. Coupled with that, you also need to develop a good budget. A good, workable budget will give you an idea as to the funds that will be required for you to meet various expenses, along with a provision to handle unexpected expenses.

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