I Have A Long-term Business Plan, How Do I Know If My Figures Are On Track?

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The biggest tip I can give to track your business progress is to create a budget (also known as a forecast). There are stacks of apps available that feed directly from your accounting software. Alternatively, you can create your own budget using a simple excel document. By populating figures like your revenue, costs and profit or cashflow either by yourself or with the help of your bookkeeper, you can create a very accurate budget that offers you an in-depth understanding of your progress that you can use to monitor and adjust things as you need.

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