Up Your Cash Flow / Goldstein 46-47

47 A budget is a living document which changes as conditions change.

Make certain that the salary you have established for yourself and the profits are adequate. It makes no sense to work for peanuts. Making a reasonable salary and a reasonable profit is why you're in business.

Controlling expenses means you must design meaningful financial statements, compare actual against anticipated costs, manage the exception rather that the rule, and ask appropriate questions to get sufficient information to make your business decisions.