budgets

business performance management

Business Performance Management

Performance management is a term that is used in several different ways. To some, the term means the management of the performance at an organizational, department or team level. But to others, it means measuring the performance of individuals within an organization. Performance Management is: … activities that ensure that goals are consistently being met in an effective and efficient … Read more

Business Financial Plan

One of the important sections in a small business plan is the financial plan for the business, particularly during the startup phase. Many larger organisations will continue the business financial planning process by forecasting an annual budget for a period of years (often 3 – 5 years). The financial plan or budget is then used as an operation planning tool … Read more