BizSugar.com › Finance › Should a Small Business Have a Budget?

When your business is small enough to keep the critical financial measures in your head, do you really need to invest the time and energy to prepare a written budget? After all, it probably is just going to be a regurgitation of last year’s numbers, perhaps with a tweak reflecting your plan to generate some additional revenue in the coming year. However, a few simple calculations can go a long way towards increasing profitability.