BUSS2

Good Budgets: 

·         Be consistent with the aims of the business.

 ·         Be based on the opinions of as many people as possible.

·         Not decided by someone who has done little research.

·         Set challenging but realistic targets.

·         Specific, manageable, achievable, realistic and time-based.

·         Be monitored at regular intervals.

·         Be flexible 

Cash Flow & Cash Flow Problems:

• Cash flow is the short term impact of financial decisions as it displays a monthly figure. 
• Profit is the long term value of financial problems. 

Problems: 

• Too much outflow 
• Too little inflow  
• Outflow come before inflow.