Ever gotten that feeling of anger and despair when you thought of working out a budget? Then the odds are good you’ve never looked up the word in a good dictionary to find out what this word really means, and thought about how you can use that to your business’s financial advantage.

Want some really good News? Running your business on a budget does not entail cutting back on the quality of the things you buy or denying your company anything it needs to operate. What it does mean, is that you have to figure out how to make enough money to afford the items your company has to have and to keep your spending within the limits of your income.

There’s more good news! The most valuable asset you have is you and your staff, and your income earning potential. If you want more money to spend, then figure out ways you and your staff can be more productive to bring in more money.

Another definition you need know is this: a BUDGET is the amount of money required for the business to operate, and to attain its financial goals.

Let’s consider the first part of the definition; how much is needed for you and your company to run. Add up all the money you spent in the past year to see how much money went out the door including what you put on credit cards plus interest. Divide the total by 52 weeks, and multiply it by 1.136. The result is what your weekly budget is. That is the amount of income your business has to bring in just to function plus barely keep up with increases in the cost of doing business. That doesn’t include paying compund interest on credit card debt.

More than likely, you have financial goals you also want your company to attain; That’s the second part of the definition. Reaching those goals must get added to your budget as well.

Here is an example: a company owner wants to purchase new office furniture 6 months from now that costs $2,000. They divide the cost of the furniture by the 26 weeks they have before the target purchase date and learn they have to set aside $76.92 every week to have the cash for the furniture. This gets added to the budget, meaning the additional amount of income they have to put into the bank every week.

Most importantly, if you, the company owner, want to attain the goal of financial freedom – working because you WANT TO instead of because you HAVE TO — then the most important part of the budget needs to be the wealth building cash you set aside in a savings plan and never touch.

Figure out how much money you would have to have in savings to live without working. Divide that dollar amount by the number of weeks until the time you would like to be financially free. Figure out how to make that much more income each week, and your budget is on the correct path to achieving financial freedom.

How badly do you want to be a millionaire in 20 years? Figure out a way to increase the company’s income enough to stash away $961.54 a week in savings for the next 1,040 weeks and you have made it to being a millionaire! The additional interest earnings on top of that will be a a nice add on perk that more than keeps up with the rise in the cost of living every year.

Today, with computers in every organization proper budgeting is accomplished much more efficiently than ever before by using Money Management Software, such as shown in this video. This software can work as a companion to your accounting software for really easy day-to-day operation.

Sandra Simmons, President of Money Management Solutions, Inc. specializes in helping business owners and individuals manage their money to achieve financial freedom. Claim your FREE Debt Reduction Solutions Guide

© 2008 Sandra S. Simmons. All Rights Reserved.

 Transcript of Money Management Software Video Demonstration

Welcome to the Demonstration of the Money Management Solutions Business Edition software program.

Congratulations! You made a good decision when you decided to explore this program.

When it comes to money, cash flow can be a frustrating subject.

This program is a simple tool to help business owners and executives get relief from the frustrations of managing their company’s cash flow.

The average business owner gets frustrated trying to figure out how to control cash flow to achieve 4 basic goals.

1 – Increase the company’s income,

2 – Have enough money to pay all the bills on time and get out of debt

3 – Expand the company without going into debt,

4 – Make higher profits to pay themselves more money.

Using the Money Management Solutions program, achieving these goals IS possible!

This program works as a companion to your existing accounting system to manage your future cash flow. Standard accounting programs record your cash flow from the past.

This financial planning program works as a companion to your accounting program, and looks toward the future. Financial Planning occurs BEFORE the money comes in and BEFORE it is spent.

This is a simple program that helps you take control of your cash flow and predict your financial future.

There are 5 modules in the program; a module is a part of something that is combined with other parts to form a larger system or thing.

Let’s take a look at some of the features in these modules

Find out how much you are really spending. This determines your budget.

Find out how much money you are really making to pay the company’s expenses.

Discover for yourself why you are ahead or BEHIND in paying your bills. Learn the actions you can take to improve this situation.
Find out how much money you actually have to use to do financial planning each week, and learn the secret of always having more cash on hand than bills you owe.

Find out how much you really owe in bills and other debts. You can easily download your bills from QuickBooks®, and past due bills are easily seen by the due date box turning red

Deciding which bills you want to pay is easy. Click the box by the item you want to pay; the program automatically enters the payment. And you get a warning if you are overspending this week’s financial planning portion for bills.

This program teaches you the secrets of how to make your money make MORE money for you.

Learn the secrets to not overspend your budget.

Have money set aside in the bank for later.
 
Have money to increase sales through promotion activities.

Be able to pay ALL your bills and not miss any, and have plenty of money in savings accounts.

Can this program help you create extra money? Absolutely!

Print simple reports right from the program to help make your financial planning decisions fast, easy and profitable.

This program is easy to learn. There is a series of training videos built right into the program  that trains you to use it in less than an hour. And the program is easy to use. There are navigator buttons for working in each module of the program. Or you can use another special feature in the program: an interactive financial planning flowchart that walks you step by step through the planning actions in sequence. And, it has interactive buttons that can be used to go directly to the proper screen to do that step.

Learn the 7 simple steps to always have enough cash flow so you never have to be frustrated about money again.

This program is an investment in your financial survival. Buy it, use it, and you will be well on your way to achieving YOUR financial goals.

Learn more at http://www.moneymgmtsolutions.com

© 2007 Sandra S. Simmons. All Rights Reserved.

Click here to see our Money Management Software Demonstration Video

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Most people search for the ultimate wealth building system for most of their lives. It may surprise you to know that you own half of it the day you are born.

What half do you own? It’s your ability to make money. No matter what your education level or skill level, you have income earning power. Want to hear the good news about that and how it connects you to the ultimate wealth building system?

It’s not how much you make; it’s what you do with it that determines your financial condition.

The second half of the ultimate wealth building system is what you do with the money that you earn. There is a system of controlling the flow of money to create wealth. Very rich people know this money management system.

It works whether you are an employee who works for someone else and you are using the system to control the flow of your personal income, or if you are a business owner using the system to control the flow of the company’s income. It is an amazingly simple system, and it’s now even more simple using the money management software tool called Money Management Solutions Business Edition.

1) SPEND LESS THAN YOU MAKE – Cut your expenses back to operate within your income. This may seem difficult, but building a budget that includes everything you need to run your business is simple with the right money management software.

 If you know exactly how much you are spending to run the business, and where the money is going, you can identify areas of waste or even areas where more needs to be spent to get the income up and increase profitability. In my experience, before using the Money Management Solutions software, my clients UNDERestimated what they needed to run their business by 10 – 13%. A critical mistake when you are aiming for an income target that is too low!

2) PUT 10% OF YOUR INCOME AWAY IN SAVINGS and don’t ever spend it. Set aside regular amounts of cash from your income for the future – always pay yourself first and put the money in savings toward gaining financial freedom.

 Most business owners pay themselves a salary for their job production inside the business, but the fail to pay themselves for the hat they wear carrying the full responsibility of being the owner and taking all the risk. The ultimate wealth building system requires a minimum of 10% of income into savings out of every dime you earn. The Money Management Solutions software system shows you an easy way to pay yourself this extra amount each week, and more besides. Then you just sock it away and forget you even have it. As it builds up, move it to places that earn better interest than the bank savings accounts. This includes buying houses and commercial buildings you can rent out to make more money.

3) DO NOT BUY ON CREDIT – pay cash instead. Debt is a disease that you should avoid contracting. If you already have some credit debt, this money management software shows you how to get it paid off fast.

If you need to buy something that is expensive, the money management system shows you how to put money away towards the purchase every week until you have the cash. For large purchases like furniture and equipment, buy used instead of brand new. Remember, those items lose value from the moment you buy them.

4) FIND WAYS TO MAKE MORE MONEY – the cost of doing business goes up about 4.5% every year, so you need to make more money just to keep up. How much more do you need? The money management system helps you figure that out and make adjustments so you always have the current figures.

Look over your line of products and services and figure out how to sell more of the profitable items. Be willing to discontinue items that are not bringing in enough profit for the time, effort and cost to sell them. The secret to making more money is pretty simple if you put your attention on it. The ultimate wealth building system helps you look at every financial decision you make with an eye on the return on investment you will get for the money you spend.

5) USE YOUR MONEY TO INCREASE YOUR INCOME – After paying your ultimate wealth building system the 10% into savings and paying your bills, use any money left over in ways that increase your ability to produce more income.

Why is controlling the flow of money so important? It is the energy and life blood of a business. It is necessary to pump it through the income producing areas first to keep it running well. Everything runs smoother when cash is available. The Money Management Solutions software guides you towards making the best possible decisions of how to use your money to make more money.

Seems simple, right? And it is simple. The ultimate wealth building system is easily learned, and the money management software can be used just an hour each week to help you gain your financial freedom. It does, however, take personal discipline and commitment to achieve the goal of financial independence so you never have to worry about money again.

The really great news is that you have control over this system. Done correctly and consistently, the end result is always having lots of cash on hand, all bills paid, and plenty of money in reserves to finance what you really want to do with your money; not just pay bills. How well you control the flow of your money will determine how well your company or family will survive now and into the future. Correctly applying these five steps will make this wealth building system work for you.

Sandra Simmons, President of Money Management Solutions has years of experience helping business owners and individuals manage their money to achieve financial freedom. To learn more, Claim your FREE Debt Reduction Solutions Guide

© 2007 Sandra S. Simmons. All Rights Reserved.