I am going to confess something that accountants and numbers people will cringe at when they read this blog… I haven’t adjusted my business budget or even looked at it in nearly 5 years until now. I know, that is an awful thing to say as an entrepreneur and business owner. There is no excuse other than life happened.
Almost five years ago this month I turned in my notice. I gave my company 1 month after working for them for 8 years. I had built a small freelance business on the side and felt ready to take the leap into business ownership. I had NO idea what I was doing and what would come of this little dream called The Savvy Peach. All I knew was what I needed to make to keep my lights on and food on the table. During this season of prep, I made a quick budget on a piece of paper. I tucked it into my filing cabinet and never looked at it again.
After seeing steady growth and getting myself back into the swing of things after a 67 day long January (anyone else?), I knew it was time to reevaluate my business finances and budget. Honestly, the time spent on actually developing the budget was short compared to the days of dreading that took place before. I didn’t even want to know how carelessly I had been spending the income of the Peach… and I REALLY didn’t want to know how much I had spent on more fonts that I didn’t need (it’s a designer problem y’all.)