Budgeting Basics for Small Businesses

Many small businesses struggle not because they lack sales, but because they lack a budget. A simple plan helps you stay in control.

1. Separate business and personal money. Use a dedicated business account.
2. Know your fixed and variable costs. Rent and salaries are fixed; stock and transport vary.
3. Plan for slow periods. Set aside a little in good months to cover lean ones.
4. Review monthly. Compare what you planned with what actually happened, and adjust.

A Quantum Current Account and SME Loan can give your business the foundation it needs to grow.