If budgeting isn’t managed well then there won’t be any
money being saved for the business to fall back on if there is some issues
meaning that they need to go into some of their money saved for different
things. Also there won’t be much money coming in to keep up with rising costs
like electricity and insurance etc.… They will also have to make unnecessary cuts to maybe staff which will
save them money but could mean they are short staffed which could lead to them
not being could open as much meaning less time when they can earn money.Tuesday 28 March 2017
what would happen if budgeting was done badly
Bad budgeting
If budgeting isn’t managed well then there won’t be any
money being saved for the business to fall back on if there is some issues
meaning that they need to go into some of their money saved for different
things. Also there won’t be much money coming in to keep up with rising costs
like electricity and insurance etc.… They will also have to make unnecessary cuts to maybe staff which will
save them money but could mean they are short staffed which could lead to them
not being could open as much meaning less time when they can earn money.
If budgeting isn’t managed well then there won’t be any
money being saved for the business to fall back on if there is some issues
meaning that they need to go into some of their money saved for different
things. Also there won’t be much money coming in to keep up with rising costs
like electricity and insurance etc.… They will also have to make unnecessary cuts to maybe staff which will
save them money but could mean they are short staffed which could lead to them
not being could open as much meaning less time when they can earn money.
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