You can then explore costs for computer upgrades and see if that fits within the surplus figure while allowing you to earn a profit, or alternatively, if you have the additional revenue to support taking out a loan for the computers. For example, if you realize midway through a year that your business desperately needs updated computers, you can consult your budget to see how much estimated surplus revenue you will generate for the remainder of the year. A budget should guide every single business expenditure.Without a clear plan for your spending, it is very easy to outspend your revenues over time, which can lead to losses, increases in debt, and the potential closure of your business. A well-formed budget is essential to the success of your business because it allows you to match what you spend to what you earn.
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