Up Your Cash Flow / Goldstein 25-26

26 Design your financial statements. Remember the statements must tell you what is going on. You are the one who is responsible for the success or failure of the business. Therefore, it is essential to design the categories for your needs, your curiosity, your style. It's your money.

ANTICIPATE WHAT YOUR EXPENSES SHOULD BE
Every business operating in today's economic environment must have a budget. You'll never be able to control expenses if you don't know what they should be.

Once you have determined what an operating expense should be and then compared it to what it actually is, you will be in a position to know if you have achieved the goal of controlling expenses.