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Budgets are a vital part of business. It is a great way to track the performance of your business. Budgeting your income and expenses helps keep you on track and understand why the business is making more or less money. It also highlights what tasks you haven’t done that you had planned to do. In the long term this may be counter-productive to the growth of your business. eg if you have not spent your marketing budget; the business may not maintain it’s growth.

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