Each year when we do spring cleaning, we find cobwebs way up high or way back in the corner that need an extra-long-handled broom or dust mop to bring them down.

Similarly, we need to knock down the cobwebs in your business each year that prevent us from seeing the important numbers clearly and planning for the new year.

Spring cleaning starts with planning – but what does that planning look like? Well, in this case, we’re talking about planning a financial budget. As we knock those cobwebs down, we need to start thinking about what we’re doing differently this year than we did last year.

What are we planning to do differently in our business? Are we planning to hire, are we planning for growth? Are we planning for a new line of service or a new line of business this year? If so, we want to understand what new and increased levels of expenses or revenue will result from these plans we’re making.

Then, while we get clear on what we’re going to do differently this year, we need to attach dollars to those thoughts, those actions, and those goals so that we can put together a plan, a budget, or a forecast for the year.

That way, we’ll know how much we’re going to need to spend, how much we’ll need to have in the bank, how much we’ll need to generate in revenue, and what’s achievable and reasonable for the business.

Planning a financial budget means we’ll have a guide to be able to operate and measure against month in and month out to see if we’re making adequate progress against the goals laid out in that budget. We’ll have a clean, fresh start for the year, a clear operating plan to guide us, and a clean closet with no cobwebs.

P.S. When you’re ready, here are 3 more ways I can help you grow your business (and its value).

1. Get the rest of the story on spring cleaning in your business.
Planning a financial budget is only part of the spring-cleaning process within your company. After all, you don’t just sweep away the cobwebs each year, do you? You can find the other essentials here.

2. Get to know me and the TurboExecs team on LinkedIn.
We do so much more than support companies through due diligence. My LinkedIn page features financial management advice, red flags you’ll want to know about as you run your business, and special access to free resources from TurboExecs. Connect with us here.

3. Work with us to get your financial clarity, control and confidence back – and grow your business without all the chaos.
Our team excels at putting business owners back in the driver’s seat of their organization with better reports, the right people on their team, and a customized path forward (and
that’s just the start.) Contact us to get started.

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