Subsection of: Amira’s Story
Provided by the International Finance Corporation
Amira’s business continued growing after a slow but successful first year. We pick it up again in her third year of business and see how she learned about budgeting and cash flow. She now has her own production facility and an expanding market.
She followed the advice contained in the article “Budgeting as an effective control tool” and these were her conclusions.
The market is growing. New properties are being built in expensive parts of town. Businesses and government offices are relocating to the city in large numbers. Many clients have said they would buy more furniture if it was available. Sales volume can increase by 50%. That will be the target for next year.
|Impact on costs
The result of her budgeting exercise can be downloaded here.
Find here some tips on how to use financial statements.
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