A good budget is a necessary component of most traditional strategic plans. A properly developed and dynamic budget is an effective tool for businesses regardless of there place in the business life cycle.
Budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval and, for that reason, we recommend that businesses adopt and use a dynamic budget.
However, like most good tools, budgets can be dangerous if not used properly.
The techniques we utilise to develop financial projections can enable you to consider alternative future scenarios and assess how those outcomes impact on your strategic goals. There are many types of budgets. We can help you design the right budget for your requirements.
At Henderson McColl & Co, we take a balanced approach to budgeting and can advise you how to keep your business on track.
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