With tougher economic times ahead for South Africa, smaller businesses that do not prepare a financial plan (also known as a budget or forecast) are setting themselves up for failure. Businesses need to financially forecast future commercial results and cash flows to determine how best to navigate economic uncertainties and still achieve growth and long term objectives. This is good business practice, despite the economic environment
In the August 2016 issue of our BAN Bulletin newsletter, Monique Sharland shares more insight into what is a financial plan, what its purpose is and how it can support your business’s continued existence through difficult financial stretches.
Click here to read the full article – Business Financial Budgeting for Tough Economic Times