The Budget
» The Budget, Volume 7, Issue 4, 2007
If respondent does NOT have a written budget.
1a. How do you keep track of how well the business is doing?
| Response | ||||
|---|---|---|---|---|
| 1 | Compare current performance to how the business did last year or some base year | 50 | ||
| 2 | Experience tells me | 27 | ||
| 3 | Compare to industry standards | 4 | ||
| 4 | Have a general written budget, not broken out or detailed | 5 | ||
| 5 | Check bank balance | 2 | ||
| 6 | Compare current performance to prior month, week, day | 2 | ||
| 7 | Other | 6 | ||
| 8 | DK/Refuse | 4 | ||
| Total (%) | 100 | |||
| N | 377 | |||
Notes: Fifty (50) percent of small employers who do not have a written budget track how well their business is doing by comparing current performance to how the business did last year or some base year (Q#1a).
