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The Importance of Financial Forecasting and Budgeting for Small Businesses As a Florida business owner, you want to offer the best products and services to your customers and clients. Your primary goal, however, is to make a profit. After all, you can’t remain in business if you don’t have sufficient resources to do so. Financial budgeting and forecasting can help you achieve your goals, but it can be a complicated and daunting process. You likely will wish to consider consulting with an experienced Orlando financial planner, such as KDK Accountancy Corporation. What is a Business Budget? Your business budget is your estimate of what your company can expect in the way of revenue and expenses in a relatively short period of time, usually a year. It includes such things as the following: * Projected sales trends * Projected cost trends * Projected amount of debt you will add or reduce * Projected cash flow * Projected economic outlook of your industry, sector or market Your financial planner in Orlando can help you determine what data to collect and how to collect it. Stated another way, your business budget estimates the amount of money you have to spend and the ways in which you plan to spend it so as to not only achieve your desired sales and revenue targets, but also your overall goals.