http://www.youngentrepreneur.com/blog/2008/05/how-to-create-a-budget-entrepreneur-university/ Fri, 20 Nov 2009 21:18:36 +0000 http://wordpress.org/?v=2.8.4 hourly 1 http://www.youngentrepreneur.com/blog/2008/05/how-to-create-a-budget-entrepreneur-university/comment-page-1/#comment-58466 Small Business Computer Consulting Blog Thu, 15 May 2008 21:40:52 +0000 http://www.youngentrepreneur.com/blog/2008/05/12/how-to-create-a-budget-entrepreneur-university/#comment-58466 Budgets are obviously really important to any business plan. I think one of the biggest mistakes people make is not writing down their budget – or a formal business plan – in the early stages of their businesses. Not writing your budget and business plan down on paper can cause many different problems, including over-confidence in being able to achieve your business goals (because you are not continuously looking at the big picture) and the opposite, under-confidence in your ability to build your business because you have an unreasonable notion of what it’s going to take financially. This information is really helpful, since a lot of the problem with creating a budget is being overwhelmed and not knowing where to start or what to track. Budgets are obviously really important to any business plan. I think one of the biggest mistakes people make is not writing down their budget – or a formal business plan – in the early stages of their businesses. Not writing your budget and business plan down on paper can cause many different problems, including over-confidence in being able to achieve your business goals (because you are not continuously looking at the big picture) and the opposite, under-confidence in your ability to build your business because you have an unreasonable notion of what it’s going to take financially. This information is really helpful, since a lot of the problem with creating a budget is being overwhelmed and not knowing where to start or what to track.

]]> http://www.youngentrepreneur.com/blog/2008/05/how-to-create-a-budget-entrepreneur-university/comment-page-1/#comment-58133 Will - ArenaFlowers.com Mon, 12 May 2008 12:51:56 +0000 http://www.youngentrepreneur.com/blog/2008/05/12/how-to-create-a-budget-entrepreneur-university/#comment-58133 I tend to say...do the budget then, whatever your funding requirement is, double it as people never raise enough money and then get in trouble as a result later! I tend to say…do the budget then, whatever your funding requirement is, double it as people never raise enough money and then get in trouble as a result later!

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