Small Business Budgeting Simplified: How to Create a Budget for Your Small Business

Поделиться
HTML-код
  • Опубликовано: 26 ноя 2024

Комментарии • 109

  • @LYFEAccounting
    @LYFEAccounting  2 года назад +3

    If you enjoyed this video, check out the 2022 version here: ruclips.net/video/e32WwNVQn08/видео.html

  • @jonipetty6081
    @jonipetty6081 2 года назад +30

    Hi...I'm 22, making not less than$ 3,000 in 2 weeks from my investment in financial market. I've been looking forward to starting a business and this is very helpful. Thank you.

    • @coga4822
      @coga4822 2 года назад +2

      Financial market is very profitable but it requires experience and expertise. You must be a pro.

    • @waynedrury2372
      @waynedrury2372 2 года назад +2

      Can you teach me how to invest in financial market?

    • @jonipetty6081
      @jonipetty6081 2 года назад +3

      @@coga4822 I'm not a professional and i don't trade by myself either. My trader handles all my trading activities while i monitor the progress.

    • @truthlevi2693
      @truthlevi2693 2 года назад +2

      @@jonipetty6081 which of the markets do you trade?

    • @jonipetty6081
      @jonipetty6081 2 года назад +3

      @@truthlevi2693 my portfolio is diversified into various market sectors. Stocks, forex and ETFs.

  • @kylerolle5050
    @kylerolle5050 2 года назад +1

    you know exactly what you're talking about. This will help anyone make sense of their business sales. you can apply this to a regular paycheck also the principle of it all tracks every dollar and eliminates not losing or not knowing how you're gonna spend every dollar.

  • @nickharbaugh
    @nickharbaugh 3 года назад +25

    Wow. I was so stressed today about creating a budget. This is amazing man. Thank you so much.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      Glad this video helped you so much. You're very welcome!

    • @tracyblessed5312
      @tracyblessed5312 3 года назад

      Do you the new client? I have cpa questions.

  • @ProfitCashGrowth
    @ProfitCashGrowth Год назад +4

    I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!

  • @gabrielsong6124
    @gabrielsong6124 3 года назад +11

    I watched the introduction and i subscribed. Your enthusiasm is great! Continue your great Work!

  • @patyr6580
    @patyr6580 2 месяца назад

    Wow! 👏 👏 👏 What a true masterclass. In under 13 minutes you clearly explained what budget is and how to create one. Also valid to create a budget for domestic use.
    I wish you lots of success in your CPA carrer 🤲 and entrepreneurship.

  • @CreativeBusinessAcademy
    @CreativeBusinessAcademy 3 года назад +4

    Fellow CPA here! Love the channel and video!

  • @THEBLKYOGIASMR
    @THEBLKYOGIASMR Год назад +1

    I am here in 2023 and this video is truly helping. Thank you!

  • @HealthandBeautyAP
    @HealthandBeautyAP 2 года назад +1

    I have now watched a few videos because I want to get serious about my finances in my business. This was the only helpful video with practical information. I will say though you might want to just tell people what kpi stands for. As business owners we are not all savvy with accounting terms.

  • @rabio22
    @rabio22 10 месяцев назад +1

    Budgeting is very importat and this is a great video. Thanks!

  • @HeardFurball852
    @HeardFurball852 4 года назад +4

    Thank you I also am a kid and needed help for my business.

  • @catherinew.v.6275
    @catherinew.v.6275 3 года назад +5

    Great stuff, where have you been all my business life? So simple to understand and it totally demystified the dreaded budget hideous (for me) subject. Thank you Sherman!

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      Happy to help & thanks for watching! What kind of business do you have?

  • @amosscindian1463
    @amosscindian1463 3 года назад +1

    New to your page .. thanks for the information am 23 and looking to open my 3rd business atm in planning my biggest problem is budgeting myself I know how to make money and even if I fail at times it don’t bother me ..what bothers me is not knowing where all my money keep going looking forward for more of your videos

  • @zumbawithyasmin1
    @zumbawithyasmin1 3 года назад +1

    I absolutely loved your explanation - you are the first person who really helped my light bulb go off in my brain about truely what a budget is all about - Thank you.

  • @MoneyWithMark69
    @MoneyWithMark69 2 года назад

    LOVE This video Sherman!!!

  • @peruanaza
    @peruanaza 3 года назад +11

    Who said accounting isn’t exciting?? You guys are awesome. Thank you so much for such valuable information and for presenting it in such simple to understand manner. Great summaries as well. I’m sure your videos are helping a tremendous amount of people with their small businesses. Learning how to take control of your business makes this exciting.
    Subscribed!
    Thanks again! Greetings from Perú🇵🇪 !

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      Exactly!! Thanks for your feedback! Glad you liked it :)

  • @KeranSmith
    @KeranSmith 4 года назад +3

    Really appreciate the simple steps you gave to create a budget.

  • @ChrissGlam
    @ChrissGlam Год назад

    This was great! Extremely detailed 🎉❤

  • @Idrockthat
    @Idrockthat 2 года назад

    Super solid video! Just what I needed.

  • @PracticeYourSpeech
    @PracticeYourSpeech Год назад

    Great informational, step by step video! I'm gonna work on my budget today!

  • @KiaShayJ
    @KiaShayJ Год назад

    Great tips ! Thank you!

  • @RP-ld9oz
    @RP-ld9oz 3 года назад +2

    Great information. Very clear and understandable.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад +1

      Thanks! Do you run a small business?

    • @RP-ld9oz
      @RP-ld9oz 3 года назад

      Yes, I have an ATM business.

  • @olusegunadeyekun
    @olusegunadeyekun 2 года назад

    Thanks man. This is really helpful.

  • @anthonycooper8223
    @anthonycooper8223 2 года назад

    Like the information provided in the video

  • @wraptonic
    @wraptonic 3 года назад +1

    omg thats a lot of info, im gonna have to watch this again lol. great video guys thank you (:

  • @youmayberight2434
    @youmayberight2434 3 года назад +1

    Thanks Sherman. Great information!

  • @toribirdliving6649
    @toribirdliving6649 3 года назад

    Wow this was SO HELPFUL!! Definitely subscribing. Thank you!!

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      Ohhhh it only gets better from here! Thanks for watching and subscribing. - Sherman

  • @legendarylaura
    @legendarylaura 2 года назад

    Yes pay yourself! Great advice

  • @emanuellopez5306
    @emanuellopez5306 3 года назад +1

    Thanks for the info man. Subscribed.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад +1

      Thanks for the sub! What kind of business do you run?

    • @emanuellopez5306
      @emanuellopez5306 3 года назад

      @@LYFEAccounting It’s a work in progress but it’s logistics related.

  • @janeg.journals7602
    @janeg.journals7602 2 года назад

    Thank you for this content! 😊👏🏻

  • @zumbawithyasmin1
    @zumbawithyasmin1 3 года назад

    I loved it so much that I have now subscribed to your channel. Thank you

  • @WeTubeInc
    @WeTubeInc 3 года назад +1

    dude, you save my life 💖

  • @FantasyIslandGirl
    @FantasyIslandGirl 3 года назад

    Well you are an absolute treasure! 🙌🏾

  • @tealkerberus748
    @tealkerberus748 2 месяца назад

    I dispute that the only income you should count in your budget is sales. Income can come from many sources, and they're all valid. If your business runs on anything from investment dividends to government grants, that's still a business income and you can use it in your budget.

  • @bryanjackson67
    @bryanjackson67 2 года назад

    Thanks for the vid sir!

  • @lyricsworldwide7112
    @lyricsworldwide7112 3 года назад +1

    Thank you for the information.

  • @JennieKim-nk2bb
    @JennieKim-nk2bb 2 года назад

    A very good video

  • @DonMikimax
    @DonMikimax Год назад +1

    Skip to 3:30

  • @teo_x4327
    @teo_x4327 Год назад

    6:08 correct me if i am wrong but debt is tax free so basically if you use debt correctly u can live tax free and with the money u got u can invest them into ur business

  • @mlbb011594
    @mlbb011594 10 месяцев назад

    Thank you

  • @MinyetteB
    @MinyetteB 10 месяцев назад

    Mannnm thank you 🙏🏿 ❤😊😊

  • @laurenwood_tips
    @laurenwood_tips Год назад

    thank you!

  • @xomorgo
    @xomorgo 2 года назад

    wow! are there any templates available online for this kind of budget tracking and management

  • @4our4our54
    @4our4our54 Год назад

    You ignore accounting until things get bad 😹😂😹. So true

  • @elnorebarnett8185
    @elnorebarnett8185 3 года назад

    Thank you.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      You're welcome! Do you currently run a small business?

  • @abelhurwitz8887
    @abelhurwitz8887 3 года назад +2

    I need your help for 2021 possible for relocating and starting two more business

    • @blot._3407
      @blot._3407 3 года назад +1

      Asking this on a youtube comment is the absolute perfect public place! Thank you for your comment, very professional.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      You can always reach out to us on lyfeaccounting.com

  • @rdmatthewselectrical3512
    @rdmatthewselectrical3512 3 года назад

    Great info! The sounds were a little too loud, though (chirps, rings. Etc). Thanks for offering this info!

  • @HausofAnabelBlack
    @HausofAnabelBlack 3 года назад

    I tried reaching out to you guys says you aren’t taking any new clients at the moment 😩 is that really the case? I need help

  • @ayrique2531
    @ayrique2531 3 года назад

    Thank you so much.are these allocations coming from Profit or gross sales

  • @alexiscook607
    @alexiscook607 3 года назад

    This is a great video. Do you have any advice on what percentages should be maintained for expenses? Example, I get excited when I learn about new technology and I want to purchase and sometimes I do. But I notice that it cuts into my profit. Any tips on “buy or not buy” even when you can afford it?

    • @alexiscook607
      @alexiscook607 3 года назад +1

      I just saw the percentages in your video. I suppose I should watch the entire video before I ask questions. Great job. Thanks.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад

      No problem. Glad you found the answer!

  • @keithd.4992
    @keithd.4992 Год назад

    How do we contact your company

  • @MeenaAdnani
    @MeenaAdnani 2 года назад

    The how starts in minute 7. Just saying :)

  • @seanstandberry4082
    @seanstandberry4082 4 года назад +6

    You can't afford to not budget.. Get it? afford... budget... ahhh get outta here.

  • @tonye2400
    @tonye2400 2 года назад

    He's got a Chris Rock thing going on with his hands.

  • @marthatarah9464
    @marthatarah9464 10 месяцев назад

    ❤❤❤❤❤❤❤🎉🎉🎉

  • @user-vl4zi9vl8g
    @user-vl4zi9vl8g 3 года назад

    I appreciate this video but 7 minutes in before we start building a budget? Damn bro.

    • @LYFEAccounting
      @LYFEAccounting  3 года назад +2

      😂 Had to pour the foundation before building the house.

  • @Aqeelsadiq-j2w
    @Aqeelsadiq-j2w 4 месяца назад

    You guys are just wasting our time