Tag Archives: budgeting

Where Can You Find the Best Excel Templates for Business? | Small Business Trends

Spreadsheets have long been an important tool for businesses. You can use them for just about anything. This includes budgeting and planning out important marketing campaigns.

No tool seems more synonymous with spreadsheets than Excel. Microsoft’s tool allows you to easily fill in spaces and create tables. But it also takes advantage of some more advanced features. However, starting from scratch won’t give you a productive business.

You may want to take advantage of all that Excel has to offer. But maybe you don’t know exactly how to get started. So templates become a great option. Check out some sources for Excel business templates that can help you in 15 different areas of business operations.

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Budgeting: Can You Afford (Or Afford Not To) Add Staff? | Forbes

Budgeting for new staff is the ultimate game of chicken and egg. Can you take on the right amount of business to justify staffing? Can you take on the right new team members to support new business? And in both cases, will the returns justify the investment?

When it comes to staffing, there are many risks to weigh—and many costs to consider—as the face of your business changes. The pay-off for adding an employee when there are 3 of you, and the pay-off for adding an employee when there are 50 are tremendously different. Continuing to stay deliberate and analyze your health as a business is always important.

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Nine Strategies for Fixing Common Budget Problems | The Simple Dollar

Budgets are an amazing tool for getting a clear picture of your financial situation and for planning for the future. They make it possible to see, in one overall place, the exact state of your monthly spending. You know where every dime is going. You know why every dime is going there. You can also see exactly where your financial situation is headed if you stick to that budget.

Sarah and I used a very tight budget during the first few years of our financial turnaround. It provided us with a very specific plan for how we should spend our money, how much we could put towards debt every month, and so on. Along with our debt repayment plan, our budget paved the way to debt freedom.

We still budget, but it’s not as tight as it once was. Mostly, we use it as a guideline and as a way to model our expenses and savings into the future. Of course, budgeting isn’t always that easy. It can be a challenge – particularly at first – and there are many potential pitfalls along the way. Here are nine of the steepest challenges we’ve faced while budgeting and the solutions we use to make sure that they don’t happen again.

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