Financial Planning Budgeting

how budgeting and effective performance enhance smooth runing of a small scale enterprises?

it has to do with how budgeting and effective performance ehance the smooth runing of a small business in developing country

Public Comments

1. If you'll spend (invest) 1.5 hours watching the video found at the link I'll put in below ...it will put time organization into prospective that will help you in business and in personal life as well. It's long but seems to go fast. Get a snack and beverage and, Enjoy! http://video.google.com/videoplay?docid=-5784740380335567758
2. If you can budget and perform efficiently, specially with regards to inventory and cash flow management, it will reduce your financing costs. Efficient Inventory management in manufacturing or retail is a great way to squeeze out a lot of excess expense. In a developing country you face to related problems: higher interest rates and less than reliable logistics. Given the less than perfect logistics, one may be tempted to stock up the inventory more than you would if logistics were reliable. This makes your need for working capital higher, and at the higher interest rate, more expensive. If you can optimize your inventory management under these two challenges, than you can get an operational advantage over the competition in a developing country.