Budgeting

<p><em><span style="font-size: 9pt">Watch this video for an easy lesson on creating a budget and steering your music store toward profitability and success.</span></em></p> <p>What's the best way to establish a budget for my store?&nbsp; The word &ldquo;budget&rdquo; is not at the forefront of most people&rsquo;s minds, either professionally or personally. &nbsp;However, have you considered how the space shuttle makes its way though orbit each time it lifts off?&nbsp; No doubt, the&nbsp;project&nbsp;started with a plan (and a budget) for all the time and resources needed&nbsp;for a successful mission.</p> <div style="margin: 0in 0in 0pt">Operating a music store without a budget is like driving down a highway blindfolded&nbsp;(this is true&nbsp;for any business). Giving members of your staff goals and targets is a great way to improve your store's cash flow and the bottom line.&nbsp; Plus, if you&rsquo;re not tracking your progress toward a budgeted goal, how will you know if you&rsquo;re reaching&nbsp;that goal&mdash;or worse, missing your target (with corresponding results)!</div> <div style="margin: 0in 0in 0pt">&nbsp;</div> <div style="margin: 0in 0in 0pt">&nbsp;</div>