Standard financial management for MSMEs (3) vanguardngr.com vanguardnews
For the purposes of delineating the scope of what a business budget should be for a small business, just see it as proposed financial requirement in terms of cost of production and sales or cost of services delivery within a definite period, matched with forecast income and expectations for the same period. In other words, you state the expected businesses with the cost of executing them and the corresponding cash flow to meet those costs.
This takes us to a periodic perspective of budgeting. You should draw an annual budget, usually from January through December and this should be done some weeks before January.
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