The Activity Based Budget: Developing the Numbers for your Business Budget

Have you ever tried to create a budget but struggled with coming up with the numbers that go into the budget. Well, if you have ever had this problem you have come to the right place for answers. In my consulting practice, I find the problems most people have in building their first budget is determining where the numbers should come from. When making a personal budget you have had
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All You Need is JUST ONE ACTION to take you closer to your GOALS.

Starting a business can be very complex. The demands could be very intimidating for those who have never taken that path before. The good news is you don't have to do it all in a day. All you need for today is just one action that will move your forward towards your GOALS. What do I mean by this? There are various facets of starting a business. You have to
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Asset Sources

The purpose of a business is to build assets that produce income. If you are really serious about building assets in your business then you will need to form a perpetual entity by incorporating. The corporation is the funnel that holds all your income producing assets. You can talk to a lawyer as they are in the best position to help you in this area. As an accountant I am
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Planning for Predictability not Chance

We all know when a ball is thrown up it will eventually fall down, if you put one foot in front of the other, you move forward.  In the same way as business owners you can plan for predictability rather than chance. I recently read on a website about a small business that used Groupon and almost got buried from this service. The problem with this statement is this business
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Two Success Strategies for the Lifestyle Entrepreneur

What does it really take to become successful as a lifestyle entrepreneur? There are 2 widely used strategies most entrepreneurs use to build their business namely: Time: As a lifestyle entrepreneur, you start out with very little resources and will need to start small by providing services and products that are very inexpensive to start. Over time these resources bring in value to the system that can be used to create
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