Running a successful small business is about more than having a great idea. It even transcends providing top-of-the-line products and excellent customer service. Running a successful business is about creating and adhering to a small business budget.
It might not sound like a big deal but having a budget for your business could mean the difference between a profitable year and running your business into the ground. Nearly 50 percent of all small businesses fail within the first five years, and typically, it’s because of mismanaged finances.