Use percentage budgeting

Grow Your Business with Bill Ringle: Use percentage budgeting to maintain healthy cash flow

Growth entrepreneurs use a more sophisticated planning system like Percentage Budgeting, where you allocate your fixed costs and then assign a percentage of the surplus to be used for various categories, such as marketing, technology upgrades, personal development, retirement funds, and the like.
You’ve got to know in advance where your surplus funds are going to go.

 

 

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