Lessons from Successful Entrepreneurs - Business Budgeting 101
Description
A well-structured business budget is essential for managing cash flow, controlling expenses, and ensuring long-term profitability. It provides a clear financial roadmap, helping businesses allocate resources efficiently, prepare for unexpected costs, and make informed decisions. By tracking income and expenditures, companies can identify areas for cost savings, optimize investments, and set realistic financial goals. A strong budget also enhances financial transparency, making it easier to secure funding and maintain stability in a competitive market. A solid budget keeps your business on track.
Learn how to create a realistic budget, track expenses, and make smart financial decisions that support business growth.
Key Outcomes:
✅ Learn how to create a realistic and practical business budget.
✅ Discover strategies for tracking and managing business expenses.
✅ Identify common budgeting mistakes and how to avoid them.
Join us live for expert insights, practical budgeting tips, and a Q&A session to help you take control of your business finances!
About Explore ProTech
We're looking for the 500 most fun, authentic, caring, and ambitious entrepreneurs in the world to join our community.
If that's you, book a meeting with Peter & Nestene: https://exploreprotech.com/bookings/
Entrepreneurs featured in this episode:(Feel free to reach out for a virtual coffee)
Sondra Ray - https://www.linkedin.com/in/getitdonecoachinganvaservices
Peter Hingston - https://www.linkedin.com/in/peter-hingston-4089a51a6/
Hendrick Mohlahlo - https://www.linkedin.com/in/hendrick-mohlahlo-158941a3/
Lesetja Mokou - https://www.linkedin.com/in/lesetja-mokou
Other Links mentioned in the show:
Sondra's New quarterly compass link: https://gidcoaching.com/quarterly-compass/
Sponsors:
Intro music produced by Peach Jam Records - https://www.linkedin.com/company/peach-jam-records-inc/
Vocals by Cheyanne Summer - https://www.linkedin.com/in/cheyanne-summer/
Photography by Joanne Moorhouse Global Virtual Photography - https://www.linkedin.com/in/joannemoorhouse/
Video Intro by Sommerville Lombard https://www.linkedin.com/in/sommerville-lombard/
Timestamps:
0:08 Tribe Song
2:02 Sondra Ray: Hallo and Welcome!!
3:46 Sondra Ray: Budgeting 101
9:25 Peter Hingston: Ability to predict trends
14:42 Sondra Ray: Talk to an expert
18:12 Lesetja Mokou: Know what you are working towards
23:22 Sondra Ray: Certain expenses are not going away
27:46 Peter Hingston: Money to pay is there
31:57 Hendrick Mohlahlo: Finding yourself in a situation where you are owing money
38:18 Sondra Ray: Wrapping it up
40:39 Peter Hingston: May all your wildest entrepreneurial dreams come true