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On a Budget

This story appears in the March 2009 issue of Start Up.

For many startup owners, there are so many financial fires to put out in a given week that it's hard to find the to do any short- or long-term financial planning. But by failing to plan financially, you may be unknowingly planning to fail.

Business budgeting is one of the most powerful financial tools available to you. Put simply, maintaining a good short- and long-term financial plan lets you control your cash flow instead of having it control you.

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