Cash flow is the gasoline in any small-business’s engine. And sure, we all know it’s important to manage your money—but some business owners believe that only means looking at the profit and loss statement once a month. While this financial strategy is better than having no strategy, it can lead to problems—and there’s a better way. The answer? A budget for your business. In this episode of The EntreLeadership Podcast, we sit down with Dave Ramsey, the CEO and founder of Ramsey Solutions. He talks about why having a budget for your business is so important. Then George Kamel chats with Ramsey Solutions Senior Executive Director of Finance Jeff Williams. Jeff lays out a step-by-step process you can use to start budgeting for your business. Take The EntreLeadership Podcast Audience Survey The EntreLeadership Podcast Dave Ramsey's website Learn more about EntreLeadership business coaching. How to Calculate Retained Earnings by Ramsey Solutions Download The 6 Financial Reports That Can Save Your Company. Schedule a call with Tim, our producer. Learn more about the offers from our EntreLeadership Partners: BELAY | Gravy | Hite Digital Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.