Running your business without a proper budget is a plan for failure.

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1. Business budgets are a must
   1. We base our markups on our costs
   2. Budgets keep these costs in check
   3. We need to plan where our money goes
2. This cannot be a simple budget
   1. Create a budget with the proper detail
   2. Track the costs and adjust
   3. A budget you can plan with
3. A budget is you primary business tool
   1. Without a budget you are operating blind
   2. You cannot know what you are doing or if you are profitable without a budget
   3. You need to monitor it and stick to it

Key Questions:

1. Do you have a business budget?

2. Does it properly reflect your costs?

3. Do you track and monitor it?

Take-Action Items:

1. Build a solid business budget

2. Get the right details

3. Work with it and track it