The May 28th issue of the Wall Street Journal reported “The U.S. is experiencing the most protracted, job-market downturn since the great depression.” This economic slump continues to linger longer than the nation’s economists thought it would.
“As smaller businesses struggle to maintain or stay alive, they often overlook a key survival tool – their budget process,” says Ron Rael, CPA an expert in business budgeting. “Critical to survival today is an effective budget that lives up to its purpose: to allocate and control spending decisions and to ensure that every decision is ‘smart’ and moves your organization forward in achieving its objectives and goals. Yet many business leaders forget this tool due to the numbing uncertainty that this recession is creating.”