5 Common Budgeting Mistakes and How to Avoid Them
Budgeting is a fundamental aspect of business management, but it’s easy to get it wrong. Understanding these common mistakes can help you navigate towards more effective financial planning. Overestimating Revenue ○ Mistake: Assuming sales will always meet or exceed expectations. ○ Avoidance: Use conservative estimates and consider historical data. Plan for worst-case scenarios. Underestimating Expenses ○ Mistake:…