Whether you hire someone or do it yourself, you want to create three forecasts: an optimistic, best-case one; a realistic likely one; and a worst-case one that imagines what will happen if customers who owe you money go out of business and that this crisis drags on...
Many small businesses don’t create budgets. This is a huge mistake: Budgets provide guidance for short-term obstacles and long-term planning. They provide focus. Without a budget, you have no measuring stick to evaluate your goals and performance.
