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Content provided by Henry Lopez, Levante Business Group and Henry Lopez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Henry Lopez, Levante Business Group and Henry Lopez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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506 – Budgeting Fundamentals for Small Business
Manage episode 396839429 series 2655504
Content provided by Henry Lopez, Levante Business Group and Henry Lopez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Henry Lopez, Levante Business Group and Henry Lopez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Learn the fundamentals of budgeting for small business. How to create an operating expense budget for your small business, with host Henry Lopez.
Show Notes page: https://www.thehowofbusiness.com/506-budgeting-fundamentals-small-business/
Why should you create an operating budget, and how to create an annual budget that helps you maximize profitability.
Henry shares some best practices and tips and the key steps to create a small business operating budget.
Creating an annual budget is a crucial exercise for small business owners, as it provides a financial roadmap for the year ahead. Here are the key steps to follow:
9 Steps to Small Business Budgeting:
1 - Review Previous Year Financial Performance 2 - Define Your Business Goals – including Revenue and Profit 3 - Estimate Fixed Costs 4 - Estimate Variable Costs 5 - Plan for One-Time Expenses 6 - Calculate Working Capital 7 - Assemble the Budget 8 - Review and Adjust 9 - Monitor & Adjust
Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
525 episodes
506 – Budgeting Fundamentals for Small Business
The How of Business - How to start, run & grow a small business.
Share
Manage episode 396839429 series 2655504
Content provided by Henry Lopez, Levante Business Group and Henry Lopez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Henry Lopez, Levante Business Group and Henry Lopez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Learn the fundamentals of budgeting for small business. How to create an operating expense budget for your small business, with host Henry Lopez.
Show Notes page: https://www.thehowofbusiness.com/506-budgeting-fundamentals-small-business/
Why should you create an operating budget, and how to create an annual budget that helps you maximize profitability.
Henry shares some best practices and tips and the key steps to create a small business operating budget.
Creating an annual budget is a crucial exercise for small business owners, as it provides a financial roadmap for the year ahead. Here are the key steps to follow:
9 Steps to Small Business Budgeting:
1 - Review Previous Year Financial Performance 2 - Define Your Business Goals – including Revenue and Profit 3 - Estimate Fixed Costs 4 - Estimate Variable Costs 5 - Plan for One-Time Expenses 6 - Calculate Working Capital 7 - Assemble the Budget 8 - Review and Adjust 9 - Monitor & Adjust
Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
525 episodes
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Similar to The How of Business - How to start, run & grow a small business.
The Partnership Economy explores the power of partnerships through candid conversations and stories with industry leaders. Our hosts, David A. Yovanno, CEO and Todd Crawford, Co-founder, of impact.com, unpack the future of partnerships as a lever for scale and an opportunity to put the consumer first.
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
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…
continue reading
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…
continue reading
Interesting stories from today’s franchisors and entrepreneurs.
…
continue reading
Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn th ...
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continue reading
The Self-Employed Life Podcast (formerly Creative Warriors) provides business and personal development strategies for self-employed business owners that create sustainable success. A community of self-employed and small business owners, entrepreneurs, innovators and ambitious individuals that need creative solutions in business. Being self-employed and a business Warrior is a mindset, a spirit and a challenge. We need a different way of doing business. This is business with a soul. We discus ...
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