Seeing Through The Numbers
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The Baseline for a Viable Business
Remember when you used to earn a wage and you needed to budget to ensure that your weekly, fortnightly or monthly wage covered all your costs? Well you need to do the same in business. It's important to keep track of your expenses and make sure they stay in line with the income. They they stay under control and don't blow out when the income starts rolling in. It's also important to look at the reverse. Look at your minimal spend every month and make sure that you know how much revenue you need to cover them, that's your baseline for a viable business.
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