How to budget like a Pro

Ateneo Professor on Entrepreneurship

Cash flow management is fundamental in running a business, especially a start up.  Running out of cash is the cardinal sin in business -  that is being bankrupt.

There are four tips on how to manage your budget like a pro (ours took almost 25 years before we made a sense out of it.)

l.  Use off the shelf software like Dinero, Expenser, Freshbooks;

2.  Ask around (the experts or business friends

3.  Hire outside  help

4.  Overestimate (dam management) your expenses