![]() ![]() You can see if you are likely to have cash flow problems, giving yourself time to do something about them. You can look at costs and work out ways to reduce them. Once you've got figures for income and expenditure, you can work out how much money you're making. See the page in this guide on planning for business success. Your business plan should help in establishing projected sales, cost of sales, fixed costs and overheads, so it would be worthwhile preparing this first. Don't forget to add in how much you need to pay yourself, and include an allowance for tax. Your business may have different types of expenses, and you may need to divide up the budget by department.
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