Episode 746 - Small Business 2020 Strategy and Budgeting

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Dec 12 2019 17 mins  
Have you held your 2020 strategy meeting with employees? Big companies tend to do their strategy and financial planning six months before the end of the year. Some companies even do it at the beginning of summer, which just isn't feasible for a small company or startup. So it is time for you to print out your 2019 financial statements, sit down with your employees and get them to participate in the strategy process of planning for 2020. Get it done, it should not take you that long. Look at your revenues from products and services, you expenses to run the business. And know what you are expecting to be your net income for next year and how you will use your cash. Strategy is the only way to get your company to grow. Get your employees involved.If you have any questions, send me a text to 818.252.5682 www.lodge-co.com