Business Builders (Pt.34) Building a Budget That Fuels Your Business Growth

In this week’s Business Builders episode, I’m diving into a topic that so many entrepreneurs shy away from—budgets. But here’s the truth: a strategic budget isn’t about restriction, it’s about freedom. When you align your spending with your vision, you give yourself the clarity and structure to actually grow the business (and life!) you want. I’ll walk you through how to shift from “last year’s numbers” thinking into creating a budget that supports the future you’re building.

Key topics covered:

• Why most budgets fail—and how to create one rooted in your vision, not last year’s revenue
• The key categories every business owner should consider when mapping costs to growth
• How to set realistic revenue targets that align with your expenses and goals
• The importance of revisiting and adjusting your budget regularly (it’s not a one-time exercise!)
• Your simple homework: define three goals for your business this year, and map out the resources needed to make them possible

Challenge

Write down three goals you want your business to support this year—both personally and professionally.

Then, map out the resources or expenses that would help you reach those goals.

Don’t worry about the revenue yet—just focus on identifying what it would take to run the business well and support those goals.

Mentioned in this episode: If you are running a business in Canada and you need help with all the things accounting related, but more importantly understanding the numbers I invite you to check out https://thriveaccounting.co/

Staci's Links:
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Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!