Budgeting might seem like a personal finance topic, but it's crucial for business success too! Here are 3 steps to get you started:

1. Track Your Income and Expenses: This might seem obvious, but it's the foundation. Categorize your income sources (e.g., sales, investments) and expenses (e.g., rent, salaries, marketing). Use accounting software or simple spreadsheets to stay organized.

2. Set Realistic Income Projections: Be honest about your expected sales and revenue based on past performance, market trends, and future plans. Don't overestimate to avoid financial strain later.

3. Allocate Your Resources: Once you know your income and expenses, allocate your resources effectively. Prioritize essential expenses, factor in buffer funds for unexpected costs, and plan for investments to grow your business.

Remember: Budgeting is an ongoing process. Regularly review your budget, adjust as needed, and don't be afraid to seek professional help from The Tax Avatar for guidance tailored to your specific business.