5 Tips on Budgeting for Future Growth in Lean Times

3. Budget pessimistically. Overly optimistic projections could cause trouble for business owners. Remember, nothing ever goes exactly as planned. So pad your budget with a little extra to accommodate a down economy.

4. Examine do-it-yourself financing. When asked in the Small Business Monitor, small business owners said they plan to use personal or private funds as the primary source to address any cash flow challenges that arise. Investing your own money in your business can help get you through rough economic times, but it’s important to minimize personal risk and maximize cash flow.