Why is a budget important?
Without a budget, you can't:
- Properly price a job, product or service
- Compare your plan to actual progress
- Make timely monthly corrections
- Properly manage your expenses
- Control profit fade
- Determine your monthly and yearly cash needs
Without a budget, you won't:
- Know your "walk-away" price
- Know when you can mark up a job, product or service and get it
- Know when you should mark down a job, product or service
- Have a goal standard from which to manage