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Step 1: Determining the Flow of Information
Step 2: Deciding What You’re Going to Measure
Step 3: Gathering Historic Data
Step 4: Making Projections
this enough to creat a budget
Essential steps of budgeting process are
1)Determinig the flow of information
2)Deciding what you are going to measure
3)Gathering Historic Data (Specially for sales and Expense information)
4)Making projection on behalf of collected Data
5)Determining Break even point
You can read the tips for small company owner on how to do annual budget planning in this article - CxO First Timid Steps in Annual Budget Planning
