Do you have a working budget for your business? I am not talking about having a budget that does not go beyond what you have written down on a paper. You may even be using a budgeting software? But if it does not translate to guiding you to manage the financial resources of your business, you need to take a pulse. You need to review your business financial transactions before you hit the wall. As a business owner, it is important that you know how budget is prepared.