Effective planning is key to the prosperity of all businesses, from a small start-up
proprietorship to an established corporate entity. Budgeting can prove to be an effective tool
to plan out future cash flows in order to control costs and plan for capital investments.
Furthermore, a budget can also help you evaluate the success of your business over a
period of time relative to your overall performance strategy. Budgeting is a key process for
planning your company's development activities to ensure the appropriate levels of funding
are in place to realize your objectives.