Why is budgeting a key to small business success?

Why companies or say start-up companies need a fully fledged budget plan to successfully run their business? But the question is why? What will happen if they just spend money on priority expenses without following any plan? What will be the consequence of this activity?

We will answer all above questions and budgeting related confusing in this article and will also provide the best solution for profit-oriented budgeting for small business and start-ups.

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Cash Flow importance for a business & how to do it effectively?

Lets’ define cash in a scientific way. If we take the company as a human body then cash is the blood. Then why blood, because it’s the most needed thing same as oxygen. A human can’t survive without blood and oxygen and a company can’t run without money, which is cash and human resource, which is employee.

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Income Tax

As the name suggests it’s a tax levied on incomes or earnings by companies & individuals. The government imposes this tax to provide better infrastructure & facilities to citizens also for some Government’s own activities. Income tax needs to be filed every year by individuals & entities. The only sector exempted from income tax is agriculture.

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