Most common mistakes that may get your business loan denied
To plan for changing sales and unpredictable income, first identify your basic expenses and create an emergency fund to cover them. Next, use a zero-based budget by assigning all your income to fixed costs and savings. Review past data to forecast demand and optimize your inventory management. Consider adding different products or services to create more consistent revenue throughout the year. Regularly track your expenses, calculate your average income, and adjust your budget to handle slow periods and avoid overspending during busy times.
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