Is Your Business Budget Working For You?

Many business owners create a budget once, feel good about it and then don’t look at it again until the following year. But if you’re not reviewing your budget regularly, it isn’t helping you in the way that it could be.

Business isn’t static. Prices change, revenue shifts, expenses creep in and unexpected things pop up. So your budget needs to adjust with you. Here’s how to check if your budget is still working and what to do if it’s not:

Step 1: Look at your actual numbers

Open your Profit & Loss report and compare the last 3–6 months of real data to what you originally planned for.

For example, you might’ve budgeted $200/month for software but now you’re spending $325. Or you expected to bring in $8k/month in revenue for a particular service but you’re averaging closer to $5,500. That’s a clue something needs adjusting.

Step 2: Spot what’s changed

Have you added a new team member? Started a subscription you forgot to budget for? Maybe you’ve invested more into marketing or ads than planned.

Changes are normal, but if your budget doesn’t reflect them, it can throw off everything from cash flow to tax planning.

Step 3: Reconnect it to your goals

Your budget should help you move toward your goals, not just track what you spent. If your focus is growth, is your spending aligned with that? Are you investing in the right things?

Do your numbers support your goals for upcoming launches, promotions or marketing pushes during your busier times?

If your books are messy or your reports don’t make sense, it’s nearly impossible to review your budget accurately. That’s where I come in.

I’ll clean up your books so that you have accurate numbers, help you identify and track relevant KPIs and walk you through how to review your financials with confidence. Contact me today to learn more.

Rooting for you, always!