Welcome to the how of business with your host, Henry Lopez, the podcast that helps you start,

run, and grow your small business. And now, here is your host.

Welcome to the how a business podcast. This is Henry Lopez, and this episode is about the fundamentals

of small business budgeting. Why should you create an operating budget and how do you create an

annual budget that helps you maximize profitability in your small business? So I will share some

best practices and tips and walk you through the key steps to creating your operating budget.

And I also have a few free spreadsheet tools, downloads that you can use to help you create and manage

your small business budgets. You can find the show notes page for this episode, all of my other

small business resources, and to learn more about my one-on-one coaching and group coaching programs,

please visit the howab business.com. I also encourage you to please subscribe to my show,

wherever you may be listening, so you don't miss any new episodes. So on this episode, again,

I'm going to share with you the fundamentals of small business budgeting. This is really

for you if you've never done budgeting, or maybe you've begun to do budgeting, maybe

last year was the first time you took a stab at budgeting. Most of us

small business owners don't really do any kind of formal budgeting. And so that's what this

episode is about. Hopefully get you to at least this year put together a basic budget to help you

manage those key expenses and the ultimate goal of achieving a targeted profit margin for the year. So I mentioned

several free downloads and so what you'll find at the show notes page for this episode at

the howab business.com is the primary budgeting tool that I've created for this, which I'm calling

a small business expense budget tool. It's a spreadsheet that you can download and it will

help you create

a basic budget for your operating expenses. Then I also have specifically a marketing budget tool,

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