Manage episode 307516063 series 2936748
There's something about business spending that seems special, more important or impactful than personal spending or at least worthy of some exemption from normal budgeting practices. Maybe it's the large amount of money that typically flows through a business (large compared to the business owner's personal salary or distributions), or perhaps it's a believe that any ROI business spending generates is better than mere spending. Whatever the reason, business spending often gets less scrutiny than personal spending, and business owners need to be aware that the same mental gymnastics they use to justify personal spending can happen in the business. Budgeting is for businesses too!
Mark Butler CFO
You Need a Budget