Why Don't Businesses Owners Build Budgets?

I talk to business owners all the time who know budgeting is important, but don’t actually have a budget. They know having a budget can help them grow a successful business, so why don’t they have one? Here are the three main reasons I’ve heard as to why this is.

3 Reasons Why Business Owners Don’t Create a Budget

  1. They’ve never built a budget before. Because they’re new to the budgeting world, they have no idea where to start.
  2. They don’t consider themselves a numbers person or don’t like using Excel. We can’t all be numbers people! If a business owner doesn’t think of themselves as a numbers person, they often shy away from things involving the word budget.
  3. They’ve created a budget in the past and never used it. Budgets serve a purpose, but if a business owner never looks at it it feels like a waste of time and money.

Budget Building and Forecasting Made Simple

In case you’re new around here, we’re big fans of budgets and forecasts at AutoCFO! That’s why we’ve solved all three of the problems mentioned above. We built this platform to help business owners, after all! We can help…

  1. We give you a place to start with your budget. You still know your business better than anyone else and your input is absolutely required, but we make it so that you can start with a really strong reference point.
  2. Ditch frustrating Excel budgets and make numbers simple. That’s right, no more Excel budgets and complicated numbers! Sounds like a dream, doesn’t it? To use the AutoCFO platform, you don’t have to know anything about Excel. That means no more staring at spreadsheets and wondering why numbers aren’t adding up. Our software does all of the math and calculating for you. You’re welcome!
  3. View your numbers in a way that is not only easy to understand, but easy to customize to fit your personal preferences. We 100% agree that there’s no point in building a budget if you don’t actually use it to manage expenses and track how revenue is doing. So we’ve automated the upload process and compared your budget to what really happens every month, direct from your financial statements. Now there IS a point to having that budget!

We built this product for you, the business owner, the accountant and the business manager. Our goal is to make your life easier, to make your goals clearer, and to give you the tools to improve your business.

You CAN build and stick to a budget. We’ve got your back!