A budget is a document that projects a business’s future sales, costs, profits and cash flow . It’s a vital business planning tool. Without a budget, it will be difficult for you to know how well (or poorly) your business is doing. Business budgets help you: Project start-up costs if you’re starting a new business Determine how much money you need to earn to break even and earn a profit Estimate your business’s cash flow so you know whether you can meet expenses and fund new projects Work out what changes you need to make to have a profitable business by comparing budgeted vs actual performance Predict slow months so you can plan for them Identify leftover funds you can reinvest Obtain a business loan from a bank or other from a financial institution, or equity funding from investors For all Support and Service Visit office.com/setup