Budget Planning for the New Year
From the National Entrepreneur Center
As 2020 draws to a close, it’s a great time to pause and take stock of your small business. Your original forecasts for both revenue and expenses this year may no longer reflect your reality. While it’s always difficult to account for the unexpected, 2020 has taught us all to be ready for anything.
With that in mind, Accion and Fifth Third Bank are pleased to offer this free, one-hour webinar about budgeting for 2021. We’ve all learned to adapt and pivot this year, and there are several ways that those lessons can help inform next year’s business budget process:
• Has your cash position or ability to access credit changed since January?
• Could expenses increase next year due to business model changes you’ve made this year?
• Are there opportunities for revenue increases as well?
• What changes or improvements to the business can you afford to make if 2020 revenues hold in 2021? What can you afford to do if revenues return to pre-pandemic levels?
In this webinar, we’ll discuss these topics and more, including answering your questions live. If you’d like to set a strong financial plan for your business in 2021, reserve your spot today!