Opening a small business is an exciting and scary prospect. However, the sense of overwhelm may only hit when the owner is preparing their first month’s budget. An experienced individual who opens a small business might have insight into how to draft a reasonable budget, but even then, there are things that they won’t know. The unknown values are what makes a business’s first budget such a terrifying thought.
Fortunately, other small business owners have gone through similar struggles and are willing to impart a bit of their knowledge. Click to read 15 insightful tips for small business owners about how to plan their first budget smartly without giving in to fear and anxiety.
Lori Harris is a member of the Forbes Coaching Council, and Managing Partner of Harris Whitesell Consulting.
