Abstract
Also helpful to entrepreneurs who want to equip themselves before starting a business, this book can serve as a potent antidote to entrepreneur who is or was a second failure. Through this book, we can identify the thing that is the cause of the failure. Business failure is common due to the existence of a less knowledgeable entrepreneurs is commonplace as well. If entrepreneurs have mastered the knowledge, business failure is certainly not going to become commonplace.
Highlights
When we realize that we are the first generation entrepreneurs, we will be better prepared to face the challenges of being an entrepreneur
The budget is the foundation that determines the success of a business
In addition to business firms, budgeting can benefit individuals, organizations ranging in a country
Summary
When we realize that we are the first generation entrepreneurs, we will be better prepared to face the challenges of being an entrepreneur. The budget is the foundation that determines the success of a business. In addition to business firms, budgeting can benefit individuals, organizations ranging in a country. There are various types of budgets and each one has different functions, this book discusses strategies business budget as a planning tool, control, communications equipment, means of coordination and motivation tool.
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